Solve the problem.In your own words, describe and compare the previous balance method and the average daily balance method.

What will be an ideal response?


The previous balance method and the average daily balance method are methods for computing finance charges on open installment loans, such as credit card loans. In the previous balance method, the interest is computed using the previous month's balance: new charges and payments made during the current billing cycle do not figure into the finance charge calculation. In the average daily balance method, the lending institution computes the average daily balance during the current billing period and uses this average to compute the finance charge.

Mathematics

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Find the value of the expression. Give the result as a decimal.2 + (5.9)(3.4)

A. 20.071 B. 21.15 C. 20.171 D. 20.15

Mathematics

True or false?It is possible for one person's weight to be 400% more than another person's weight.

A. True B. False

Mathematics

Perform the indicated operation. Write the answer in scientific notation.(8.81 × 10-3) ? (6.79 × 10-3) Give the answer to three significant digits.

A. 6.0 × 109 B. 5.98 × 109 C. 5.98 × 10-5 D. 6.0 × 10-5

Mathematics

Provide an appropriate response.List the numbers in increasing order from left to right.-28, 11, 0, -32

A. 11, 0, -28, -32 B. -28, -32, 0, 11 C. 0, -32, -28, 11 D. -32, -28, 0, 11

Mathematics