Use the following activity chart for a credit card to find the unpaid balance on November 1.
Question:
Transcribed Image Text:
Date posted OctoberI October 8 October 11 October 16 October 21 Activity Billing date Purchase Payment Purchase Purchase Amount Previous balance $426.40 41.60 70.00 31.25 26.80
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
The bank charges 15 interest per month October 1October 7 426407 298480 42640 4160 468 Octo...View the full answer
Answered By
SHAHZAD ALI
I have done MS in Electrical Engineering from Pakistan's top ranked university and world's top 200 ranked university NUST. I have been teaching Physics, Chemistry and Mathematics specifically to Matric, Intermediate and graduation students for the last 8 years. I am the Managing Director of Hercules Scintillating Academy and i have been running it for almost a decade. I also have taught technical subjects like Principles of Electrical Engineering, AC machines, DC machines and batteries, Instrumentation and Measurement, Digital logic Design and many other technical subjects. I am an extremely skilled Mathematician and can assist any student of any grade in mathematics at expert level and same is the case of Physics and Organic Chemistry. Many students struggle with Organic Chemistry, they don't need to worry i will help them and teach them from very fundamental concepts. I have done my Matric and F.SC with very high grades then i did BS in Electrical Engineering and then finally MS equivalent to M.phil . My research was based on Chemistry, Physics and Electronics. I can help you in university assignments and projects related to Physics, Chemistry,Mathematics and Electrical Engineering. Apart from these i am a skilled Graphic designer as well. I can design any logo, poster, banner, business card, flyers, Panaflex design and 3D designs. I am attaching a prolonged list of the subjects i have a strong hold on and you can always ask me for any help in the following subjects:-
PHYSICS
THERMODYNAMICS
WAVES AND OPTICS
ELECTRICITY AND MAGNETISM
MECHANICS
ASTROPHYSICS
GEOPHYSICS
SOLID STATE ELECTRONICS
KINEMATICS AND DYNAMICS
DIMENSIONAL ANALYSIS
VECTORS AND EQUILIBRIUM
WORK, POWER AND ENERGY
LINEAR AND ANGULAR MOTION
FLUID DYNAMICS
OSCILLATIONS
INORGANIC CHEMISTRY
ORGANIC CHEMISTRY
ELECTRO CHEMISTRY
THERMO CHEMISTRY
BIOCHEMISTRY
STOICHIOMETRY
FUNCTIONAL GROUPS
THIN FILM PROCESSING AND CHARACTERIZATION
SEMICONDUCTOR DEVICE PHYSICS
MEMS
ALGEBRA
TRIGONOMETRY
CALCULUS
COMPLEX VARIABLES
ORDINARY DIFFERENTIAL EQUATIONS
DIGITAL LOGIC DESIGN
PRINCIPLES OF ELECTRICAL ENGINEERING
AC MACHINES
DC MACHINES AND BATTERIES
INSTRUMENTATION AND MEASUREMENT
DIGITAL SIGNAL PROCESSING
DIGITAL IMAGE PROCESSING
BASIC ELECTRONICS
DIGITAL ELECTRONICS
0.00
0 Reviews
10+ Question Solved
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
Question Posted:
Students also viewed these Finance questions
-
1. Zachary Porter of Highland Heights, Kentucky, is contemplating borrowing $10,000 from his bank. The bank could use add-on rates of 6.5 percent for 3 years, 7 percent for 4 years, and 8 percent for...
-
1. Assuming a 30-day period in November, calculate Novembers interest. Also calculate the interest Nancy would have paid with: (a) The previous balance method, (b) The adjusted balance method. 2....
-
Use the following activity chart to find the average daily balance, finance charge, and unpaid balance for July. The monthly interest rate is 1.75%. The billing cycle has 31 days. Date Posted July 1...
-
Which properties of the Clean annotation must be true for the following to compile? (Choose three.) A. The annotation must contain exactly one element. B. The annotation must contain an element named...
-
How might the sales and cash collection processes at Boeing Co. (maker of commercial passenger jets) differ from the sales and cash collection processes at McDonalds?
-
The Maxwell family took out a $275,000, 20-year mortgage at an APR of 4.1%. The assessed value of their house is $9,400. Keep in mind that assessed value is the value used for property tax purposes,...
-
Performers in the Rock and Roll Hall of Fame From its founding through 2015, the Rock and Roll Hall of Fame has inducted 303 groups or individuals, and 206 of the inductees have been performers while...
-
1. Has TomTom done the appropriate planning to operate strategically and competitively? 2. What opportunities and threats do you see for TomTom? What macro-environmental trends contribute to your...
-
Elon Musk decided to take over Twitter. Twitter has 50 million stocks outstanding with a current price of $40 per share. On 1/07/2022 Musk offered $48 per share conditioned on buying at least 50% of...
-
1. What factors have played the biggest role in changing the dynamics of Super Bowl advertising in recent years? 2. Discuss the concepts of reach, frequency, and impact as they relate to Super Bowl...
-
At this time you are expected to pay the balance of the loan in the balloon payment shown above. Don't panic! Usually the loan is refinanced for another year. But beware-you may have to pay a higher...
-
Find the annual percentage rate on a loan of $ 1,500 for 18 months if the loan requires $190 interest and is repaid monthly
-
Can a constant function, such as (x) = 3, defined over the set of real numbers, be one-to-one?
-
What will the following Python code output? def mystery_function (num): options_list = [0,2,4,6,8,10] new_list = [] for i in options_list: if i % num > 3: new_list.append(i) return new list n = 8...
-
Grasshopper made earnings to shareholders of $8,250,000 in 2019 and $8,889,000 in 2020. The company shares capital was 12 million ordinary shares of $1 each in both years Calculate the EPS for 2019...
-
What is the output of the following Python code fragment? def fun (a, b, c): if a > b: if a < c: return a if b > a: if b < c: return b if c> a: if c
-
How do government-sponsored enterprises (GSEs) like Fannie Mae and Freddie Mac influence the mortgage market, and what regulatory frameworks govern their operations?
-
What are the intricacies involved in amortization schedules and how do they affect mortgage payments over time?
-
A goal of performance management is to improve performance. Describe the factors that should be considered when diagnosing and improving performance.
-
One of the significant and relevant accounts for this cycle is equipment. For this account, what would typically be the most relevant assertions for the auditor to consider? Why is it important for...
-
One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per unit. Today a units value is $19.10. During the year, the fund made a distribution of $0.40 per unit. On...
-
A companys annual report states that its common shares had price gains of 23%, 10%, -15%, and 5% during the preceding four fiscal years. The share price stood at $30.50 after last years 5% gain. a....
-
If a $15,000 investment grew to $21,805 in 4 years of quarterly compounding, what effective rate of return was the investment earning?
-
exploration of the history of street art and its controversies of ppt/quicktime video.
-
Solve the following problems. Reduce answers to their lowest terms. Box your answers. 1 5 1.+ -= 4 12 2 2.- + 3 9 = 11 Convert improper fractions to mixed numbers. 2 11 3. + == 5 12 4 4 4. 12 7 5.35...
-
When average consumer income increased by 6%, BakeCo oven cleaner sales increased from 21,000 units to 22,500 units. Given this information,what is income elasticity for BakeCo oven cleaner ?
Study smarter with the SolutionInn App