« 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 228 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?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

China’s 8% annual increase in oil consumption China’s 8% annual increase in oil consumption
The Gender Pay Gap Over Time: What Percentage of Men's Income Do Women Earn? The Gender Pay Gap Over Time: What Percentage of Men's Income Do Women Earn?
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 ...
The relationship between the height of the firing line and length of the spark line can be ... The relationship between the height of the firing line and length of the spark line can be ...
Factors Affecting the Environmental Lapse Rate (ELR): Heating or Cooling of the Lower Atmosphere Factors Affecting the Environmental Lapse Rate (ELR): Heating or Cooling of the Lower Atmosphere
Enzymatic rate enhancements Enzymatic rate enhancements
Video: ribosome

For a complete list of videos, visit our video library