How does a credit card company calculate finance charges on a credit card?
What will be an ideal response?
Finance charges are based on the average amount the consumer owes each day of the billing cycle. To calculate the charge, multiply the average daily balance by the monthly periodic rate, which is the APR (yearly interest rate) divided by 12.
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Provide an appropriate response.Consider the following counting problem. A pool of possible jurors consists of 11 men and 13 women. How many different juries consisting of 5 women and 7 men are possible? To solve this problem, which of the following rules would you use?
A. Both the combinations rule and the fundamental counting principle B. The fundamental counting principle only C. The combinations rule only D. Both the permutations rule and the fundamental counting principle
Solve the equation.4 + (b + 6) = 12
A. b = 2 B. b = 3 C. b = 1 D. b = 4
Use the theorem on bounds to establish the best integral bounds for the roots of the equation.8x3 + 9x + 3 = 0
A. -1 < x < 2 B. -1 < x < 1 C. -2 < x < 2 D. -2 < x < 1
Describe the situation with a linear inequality and then solve the inequality.When making a long distance call from a certain pay phone, the first three minutes of a call cost $1.10. After that, each additional minute or portion of a minute of that call costs $0.15. Use an inequality to find the number of minutes one can call long distance for $2.90.
A. at most 3 minutes B. at most 12 minutes C. at most 19 minutes D. at most 15 minutes