Frog's Leap Vineyards has a 45,000 line of credit which charges ...

[P68T]

Frog's Leap Vineyards has a 45,000 line of credit which charges an annual percentage rate of prime rate plus 6.5. The starting balance on March 1 was 4,200. On March 8, they made a payment of 2,000, and on March 16, they borrowed 4,400. If the current prime rate is 10, what is the new balance?

Question 2

Script's Book Store sold 864 items last week. They sold twice as many magazines as paperback books, and five times as many paperback books as hardbound books. How many of each product was sold? a. Magazines ____________ b. Paperbacks ____________ c. Hardbound ____________
 Fill in the blank(s) with correct word

[ky860224]

Answer to Question 1

6,667.69

Answer to Question 2

a. 540 Magazines
b. 270 Paperbacks
c. 54 Hardbound