This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Luigi has a charge card at Willis' Auto Supplies with an APR of 15. Luigi wants to calculate the ... (Read 145 times)

cagreen833

  • Hero Member
  • *****
  • Posts: 544
on: Jun 24, 2018
Luigi has a charge card at Willis' Auto Supplies with an APR of 15. Luigi wants to calculate the finance charges on a previous balance of 319.67. Which statement is true?
 A) He should multiply 319.67 by 0.015.
  B) He should multiply 319.67 by 0.015 12.
  C) He should multiply 319.67 by 0.15.
  D) He should multiply 319.67 by 15 12.

Question 2

The APR for Renee's charge account at Super Mart is 21. Using the previous balance method, what are the finance charges on Renee's previous balance of 645.32?
 A) 11.29
  B) 13.55
  C) 111.29
  D) 135.52


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

soda0602

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

A


cagreen833

  • Member
  • Posts: 544
Reply 2 on: Jun 24, 2018
:D TYSM

sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Sequential blending uses a computer to calculate the correct ratio as well as the prescribed order ... Sequential blending uses a computer to calculate the correct ratio as well as the prescribed order ...
Processes of Lightning Formation: Charge Separation Processes of Lightning Formation: Charge Separation
How to calculate monthly payments at varying amortization periods (Question 2) How to calculate monthly payments at varying amortization periods (Question 2)
Calculate the velocity of the red rock after collision Angle measured counterclockwise from the ... Calculate the velocity of the red rock after collision Angle measured counterclockwise from the ...
Calculate the accumulated value of monthly payments of $100.00 made at the end of each month ... Calculate the accumulated value of monthly payments of $100.00 made at the end of each month ...
Calculate the weighted-average cost of the following inventory purchases:DateQuantity ... Calculate the weighted-average cost of the following inventory purchases:DateQuantity ...
Video: Hormones and the menstrual cycle Animation

For a complete list of videos, visit our video library