Mathematics, 29.07.2020 01:01 JvGaming2001

2. The table below shows the activity on the credit card statement of Miss Pepper Mills for the month of April. She started the month with a balance of $342.57. Date Activity Location Amount
04/05 Payment Payment $200.00
04/15 Charge Gas $26.37
04/22 Charge Macy's $105.42
04/25 Charge Starbuck's $4.24

a. Find the average daily balance.

b. If her card charges an 18.5% annual interest rate on her average daily balance, calculate Miss Pepper Mill’s finance charge for the month of April.

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Answers

The value of the average daily balance and the finance charge for Miss pepper mills are $123.732 and $0.32 respectively.

The average daily balance :

(Sum of balances) ÷ number of purchases

Sum of balances = (342.57+ (342.57-200) +(342.57 - 200 - 26.37) +(342.57-200-26.37-105.42) + (342.57-200-26.37-105.42-4.24)) = $618.66

Average daily balance :

(618.66) ÷ 5 = 123.732

Finance charge for April :

Monthly rate = 18.5% ÷ 12 = 1.541666%

Average balance × daily rate

Average balance = (618.66) ÷ 30 = 20.62220.622 * 1.5416666% = 0.32

Therefore, the average daily balance and finance charge are $123.732 and $0.32 respectively

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Answer from: iyeshaik

Miss Pepper Mills

Credit Card Statement for the month of April:

a. Average Daily Balance:

Average balance = $618.66/5 = $123.73

b. Calculation of Miss Pepper Mill's Finance Charge for the month of April:

Finance charge

= 18.5% of $20.55 x 1/12

= $0.32

Step-by-step explanation:

a) Data and Calculations:

Activity on the credit card statement for April

Beginning balance = $342.57

Date Activity Location Amount Daily Balance

04/01 Balance $342.57

04/05 Payment Payment $200.00 $142.57

04/15 Charge Gas $26.37 $116.20

04/22 Charge Macy's $105.42 $10.78

04/25 Charge Starbuck's $4.24 $6.54

30 days Total = $618.66

Average balance = Total of the daily balances divided by 30 days

= $618.66/30 = $20.55

Answer from: Quest

dc=6 square root of 3 and ac is 12 square root 3

c and d

step-by-step explanation:

square root of 3/2 = 18/c

cross multiply to get 18*2=√3*c

36/√3 * √3/√3 = c

c= 36*√3/3

c=12√3

Answer from: Quest

step-by-step explanation:

to find if any function is an inverse of the other, put the first equation in as x in the next one. then simplify and solve. if at the end you get the statement y = x, then it is an inverse. if you get anything else, it is not.

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