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Author Question: Chase has a 42,500 line of credit which charges an annual percentage rate of prime rate plus 5. His ... (Read 125 times)

BRWH

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  • Posts: 553
on: Jun 24, 2018
Chase has a 42,500 line of credit which charges an annual percentage rate of prime rate plus 5. His starting balance on June 1 was 2,550. On June 4, he borrowed 5,300. On June 9, Chris made a payment of 800, and on June 17, he borrowed 5,600. If the current prime rate is 10, what is his new balance?
 A) 12,050.59
  B) 12,598.99
  C) 12,850.00
  D) 12,766.83

Question 2

If Jillian earns 324 for 16 hours of work, how many hours must she work to earn 486.00?
 A) 77
  B) 24
  C) 31
  D) 25


nikmaaacs

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Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

B


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