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 73 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
Thanks for the timely response, appreciate it

apple

  • Member
  • Posts: 352
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Typical Examination Room Equipment and Supplies Typical Examination Room Equipment and Supplies
How to calculate regular payments or deposits using the annuity formula (Question 1) How to calculate regular payments or deposits using the annuity formula (Question 1)
How to calculate mortgage payments (Question 2 of 2) How to calculate mortgage payments (Question 2 of 2)
How to calculate simple interest (Part 4; P = I/rt) How to calculate simple interest (Part 4; P = I/rt)
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 number of sodium ions in 0.375moles of Na2CO3.10H20 Calculate the number of sodium ions in 0.375moles of Na2CO3.10H20
Video: Conjunctivitis

For a complete list of videos, visit our video library