« previous next »

Author Question: Chase has a 42,500 line of credit which charges an annual percentage rate of prime rate plus 5. His ... (Read 148 times)

BRWH

  • Hero Member
  • *****
  • 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

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Dial-A-Flo in-line device to regulate IV flow. Dial-A-Flo in-line device to regulate IV flow.
Continuous, Absorption Line, and Emission Line Spectra Continuous, Absorption Line, and Emission Line Spectra
Annual Federal Deficit (or Surplus), 1992–2016 Annual Federal Deficit (or Surplus), 1992–2016
The engine is rotated until the timing marks on the front of the crankshaft line up with zero ... The engine is rotated until the timing marks on the front of the crankshaft line up with zero ...
Concentration affects where the precipitin line forms. When 1 reactant is held at a constant ... Concentration affects where the precipitin line forms. When 1 reactant is held at a constant ...
Generation of the F2 trihybrid phenotypic ratio using the forked-line method Generation of the F2 trihybrid phenotypic ratio using the forked-line method
Video: Aneurysm

For a complete list of videos, visit our video library