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Author Question: You have a 22,500 line of credit which charges an annual percentage rate of prime rate plus 5. Your ... (Read 246 times)

B

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You have a 22,500 line of credit which charges an annual percentage rate of prime rate plus 5. Your starting balance on April 1 was 6,750. On April 5, you made a payment of 2,500. On April 14, you borrowed 5,100, and on April 17, you borrowed 3,800. If the current prime rate is 8, what is your new balance?
 A) 15,885.12
  B) 13,250.17
  C) 13,150.14
  D) 14,699.54

Question 2

Solve the equation for the unknown: 12(5Q + 20 ) = 480



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chjcharjto14

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Answer to Question 1

B

Answer to Question 2

4





 

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