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alekssr
3 days ago
10

Lanny’s credit card has an apr of 33%, calculated on the previous monthly balance. His credit card record for the last 7 months

is shown in the table below. What is the new balance at the end of month 7?
A. $83.39
B. $91.98
C. $99.00
D. $74.43

Mathematics
2 answers:
babunello [11.3K]3 days ago
7 0
The selection is A ($83.39).
babunello [11.3K]3 days ago
5 0

Response:

Choice A - $83.39

Detailed explanation:

Information provided: Lanny’s credit card features an APR of 33%, which is computed based on the previous month’s balance. The table below outlines his credit card activity over the last 7 months.

Objective: What is the balance at the conclusion of month 7?

Calculation:

Based on the table, data for the 7-month period is as follows:

Last known balance = $74.33

Payment amount = $91.98

Outstanding balance = Last known balance - Payments

                          = $74.33 - $91.98

Outstanding balance  = -$17.65

Finance fee = $2.04

New transactions = $99

Ending balance =  Outstanding balance + finance fee + new transactions

Ending balance =  -$17.65 + $2.04 + $99

Ending balance = $83.39

Thus, Choice A is the correct answer.

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26 days ago
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10                      18
20                      36
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<span>If the gratuity changes directly with the number of guests, which formula outlines the connection between the gratuity, t, and the number of guests, g? 
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direct variation: <span>t = 1.8g</span>
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Answer:

89

Step-by-step explanation:

Given that

2 O, 2 T and 1 M

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1

Three arrangements i.e. {M,T,O}

2

XX or XY

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3

XXY or XYZ

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4

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5

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5 0
1 month ago
Mike runs for the president of the student government and is interested to know whether the proportion of the student body in fa
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Answer:

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A random sample of 100 students was surveyed, with 55 expressing support for Mike.

Let p = the proportion of students backing Mike.

Thus, Null Hypothesis, H_0: p \leq 50% {indicating that the proportion of supporters among the student body is significantly less than or equal to 50%}

Alternate Hypothesis, H_A: p > 50% {indicating that the proportion of supporters among the student body is significantly more than 50%}

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where, \hat p = the sampled proportion in favor of Mike = \frac{55}{100} = 0.55

n = number of sampled students = 100

Therefore, test statistics = \frac{0.55-0.50}{\sqrt{\frac{0.55(1-0.55)}{100} } }

= 1.01

The z test statistic is 1.01.

At a significance level of 0.05, the z table provides a critical value of 1.645 for a right-tailed test.

Given that our test statistic falls below the critical value of z (1.01 < 1.645), we lack sufficient evidence to reject the null hypothesis as it remains outside the rejection region, leading to failure to reject our null hypothesis.

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b)
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1 month ago
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