Ask Question
MathematicsMathematics
14 July, 23:30

1.) you have a credit card with an initial balance of $3,168 and an interest rate of 12.75 % APR if you make no payments on the car for 3 months how much is your balance by the end of the third month?

A.) $3,571.92

B.) $3,270.06

C.) $3,201.66

D.) $3,860.43

2.) your gross pay is $2,759 your involuntary deductions are FICA 7.65 percent Federal withholding 12% and state withholding 7% how much are you allowed for housing and fixed expenses?

A.) $772.52

B.) $993.24

C.) $728.54

D.) $566.64

3.) You are paid $8.25/hour. You work 35 hours/week for 3 weeks. Your involuntary deductions are FICA (7.65%), federal withholding (13%), and state withholding (9%). How much is your realized income?

A 203.13

B 866.25

C 288.75

D 609.39

+1
Answers (2)
  1. 14 July, 23:34
    0
    The answers are:

    1) C - $728.54

    2) D - $609.39

    3) B - $3,270.06
  2. 14 July, 23:45
    0
    1.) [B]

    2.) [C]

    (3.) [D]

    Step-by-step explanation:

    1.) Initial amount = $3168

    Annual percentage rate = 12.75

    per month percentage rate = 1.06%

    Interest after 3 months = P*R*T/100

    = 3168*1.06*3/100

    = 100.74 (aprox)

    Balance after 3 months = 3168-100.74

    = $3270.06 (aprox) (B.)

    2.) Gross pay = $2759

    Total interest rate = 7.65%+12%+7% = 26.65%

    interest amount = 26.65% * 2759 = $728.24 (aprox)

    Housing and fixing expenses = $728.54 (C.)

    3.) 1 hour = $8.25

    1 week = 35 hours

    3 weeks = 35*3 hours = 105 hours

    Total income = 105 hours = $8.25*105 = $866.25

    Total interest to be deducted = 7.65+13+9 = 29.65 %

    Income after deducting interest = $866.25-256.843 = $609.407

    (D.)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “1.) you have a credit card with an initial balance of $3,168 and an interest rate of 12.75 % APR if you make no payments on the car for 3 ...” 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 5 / 8 less or more than 1 mile
Answers (1)
Is 1.8 greater than or less than 31/16?
Answers (1)
99*101 has the same value as (99*100) + 1 (99*100) - (99*1) (99*100) + (99*1) (99*100) (99*1)
Answers (2)
Using A=bh slove for h
Answers (2)
Where is the removable discontinuity of f (x) = x+5/x^2+3x-10 located a. x=-5 b. x=-2 c. x=2 d. x=5
Answers (1)
New Questions in Mathematics
The formula to convert °F to °C is C = 5/9 (F - 32). 50°C = 122 °F Why do you multiply 50 by the reciprocal of 5/9
Answers (1)
Yan is climbing down a ladder. Each time he descends four rings on the ladder, he stops to see how much farther he has to go. Which word in the problem indicates that a negative integer should be used 1 : Climbing 2: Stops 3: Descends 4: Farther
Answers (1)
If a hat that costs $30 is discounted by 15%, what's the sale price?
Answers (1)
Use the interactive spinner to model who among Elisondra and her three friends will order first. Then answer the questions. What is the theoretical probability of the spinner landing on Elisondra's section? Spin the spinner. Who orders first?
Answers (1)
In a basket, there are six apples, seven bananas, three pineapples, and nine pomegranates. Janice randomly draws a fruit from the basket and then puts it back in.
Answers (2)
Home » Mathematics » 1.) you have a credit card with an initial balance of $3,168 and an interest rate of 12.75 % APR if you make no payments on the car for 3 months how much is your balance by the end of the third month? A.) $3,571.92 B.) $3,270.06 C.) $3,201.66 D.
Sign Up Forgot Password?