Levels Tought:
Elementary,Middle School,High School,College,University,PHD
Teaching Since: | Apr 2017 |
Last Sign in: | 8 Weeks Ago, 2 Days Ago |
Questions Answered: | 4870 |
Tutorials Posted: | 4863 |
MBA IT, Mater in Science and Technology
Devry
Jul-1996 - Jul-2000
Professor
Devry University
Mar-2010 - Oct-2016
12) Susan has a credit card with a monthly rate of 1.4%. The account applies the unpaid balance method. The
unpaid balance for her Apr billing cycle is $415.20. During the billing cycle she made purchases of $189.36
returned items for $17.08, and made a payment of $60.00. Find the new balance.
A) $567.45 B) $118.09 C) $533.29 D) $550.37
Â
14) On October 1, the unpaid balance in an account was $185. No payments were made that month. The interest
rate per month was 1.75% per month of the average daily balance. Find the finance charge for the month of
October.
A) $3.14 B) $3.06 C) $3.41 D) $3.24
Â
7) Find the discount and proceeds on a $66,900.00 face-value note for 100 days if the discount rate is 9.75%.
A) Discount = $1811.88
Proceeds = $65,088.12
B) Discount = $0.00
Proceeds = $66,900.00
C) Discount = $6522.75
Proceeds = $60,377.25
D) Discount = $1787.05
Proceeds = $65,112.95
Â