Find the monthly interest payment in the situation described below. Assume that the monthly interest rate is 1 divided by 12 of the annual interest rate.
You maintain an average balance of $900 on your credit card, which carries a 12 % annual interest rate.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Find the monthly interest payment in the situation described below. Assume that the monthly interest rate is 1 divided by 12 of the annual ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Is the statement below always, sometimes, or never true? Give at least 2 examples to support your reasoning. The LCM of two numbers is the product of the two numbers?
Answers (1)
The blueprint for a house has a scale of 1 cm = 3 ft. what would be the actual length of a wall that was 5 cm on the blueprint?
Answers (1)
If there are 170 students in 12th grade, what percentage of the twelfth grade students have more than one college in mind? 1 college = 75 students 2 college = 27 students 3 or more colleges = 23 students
Answers (1)
True or false An undefined term cannot be used in a theorem.
Answers (2)
Factorize 2x^4-7x^3-13x^2+63x-45 using factor theorem.
Answers (1)
New Questions in Mathematics
Bob won big at bingo last night, he walked away with $800. The first thing Bob does is to take a cab to his mother's house. He gives the cab driver $20 and tells him to keep the change.
Answers (1)
A local company wants to evaluate their quality of service by surveying their customers. Their budget limits the number of surveys to 100.
Answers (2)
Select the correct numeral form of this number written in scientific notation. 5.0 * 10^10 0.000 000 000 5 5,000,000,000 50,000,000,000 500,000,000,000
Answers (1)
John has a bag of marbles that contains 12 red marbles 20 green and 17 blue. if john pulls one marble what is the probability that it will be a purple marble
Answers (1)
Solve for x: 2 over 3 (x - 4) = 2x. 2 - 2 - 8 - 4
Answers (1)