Detailed explanation:
Information provided:
Tran possesses a credit card that allows up to $2000 in spending with an APR of 12%.
In the initial month, Tran incurred charges of $450 and settled $150 within that billing period.
The formula to determine the interest that will accrue for Tran in the first month is (0.012)(300)
Here, 0.01 signifies the monthly interest rate.
The 300 reflects the outstanding balance, as Tran charged $450 but only paid back $150.
The first equation is x + y = 29, and the second is 5x + 2y = 100.
Hello
the dollar amount of each monthly payment that is interest
11,798.81÷120
=98.32
the percentage of the total payments that is total interest
(11,798.81÷41,798.81)×100
=28.23%
Hope this information is helpful.
therefore
and you are probably aware of the amount.
Answer E is correct, as when rounded to 3 mph and divided by 2, it yields 1.5. Since an hour consists of 60 minutes, halving that gives 30 minutes. However, because you walked a bit slower, it would actually take 5 additional minutes.
