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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 248 times)

B

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on: Jun 24, 2018
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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Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

4


B

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Reply #2 on: Jun 24, 2018
Thank you :)


chjcharjto14

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Reply #3 on: Jun 24, 2018
Happy to help you


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