1. previous balance = $104.15

annual rate = 14%

finance charge = $

new purchases = $31.23

payments/credits = $42.50

new balance = $

2. previous balance = $224.12

annual rate = 16%

finance charge = $

new purchases = $15.11

payments/credits = $124.35

new balance = $

3. previous balance = $250.25

annual rate = 20%

finance charge = $

new purchases = $0.00

payments/credits = $51.44

new balance = $

1) Finance charge = $0.71925

New balance =$93.59925

2) Finance charge = $1.33026

New balance = $202.1235

3) Finance charge = $3.3135

Finance charge = $3.3135

Step-by-step explanation:

1) Given :  Previous balance = $104.15

Annual rate = 14%

New purchases = $31.23

Payments/credits = $42.50

To find : What is the finance charge and new balance?  

Solution :  

First we find the unpaid balance,

Unpaid balance = Previous balance - Payments

                          = $104.15 - $42.50

Unpaid balance  = $61.65

We have given rate of interest= 14%=0.14

Finance charge = Finance rate × Unpaid balance

Finance charge =

Finance charge = $0.71925

New balance =  Unpaid balance + finance charge + new transaction

New balance =  $61.65 +$0.71925+ $31.23

New balance =$93.59925

2) Given :  Previous balance = $224.12

Annual rate = 16%

New purchases = $15.11

Payments/credits = $124.35

To find : What is the finance charge and new balance?  

Solution :  

First we find the unpaid balance,

Unpaid balance = Previous balance - Payments

                          = $224.12 - $124.35

Unpaid balance  = $99.77

We have given rate of interest= 16% =0.16

Finance charge = Finance rate × Unpaid balance

Finance charge =

Finance charge = $1.33026

New balance =  Unpaid balance + finance charge + new transaction

New balance =  $99.77 +$1.33026+ $15.11

New balance =$116.21026

3) Given :  Previous balance = $250.25

Annual rate =20%

New purchases = $0.00

Payments/credits = $51.44

To find : What is the finance charge and new balance?  

Solution :  

First we find the unpaid balance,

Unpaid balance = Previous balance - Payments

                          = $250.25 - $51.44

Unpaid balance  = $198.81

We have given rate of interest=20% =0.2

Finance charge = Finance rate × Unpaid balance

Finance charge =

Finance charge = $3.3135

New balance =  Unpaid balance + finance charge + new transaction

New balance =  $198.81 +$3.3135+ $0.00

New balance = $202.1235

0.16 or 16%

step-by-step explanation:

lets take a coin for example.

if you toss it twice, it has a 1/4 chance of landing on heads both times because 1/2 * 1/2 is 1/4.

with the cards, the chance of picking dog is 0.4. having two people pick one is like picking a card twice in a row. so 0.4 * 0.4 is 0.16, or 16%

a line is an defined derm because it

a)contains an infinite number of points b) can be used to create other geometric shapes c)describes something that does not have width or depth d) is a term that does not have a formal definition. a line is an undefined term because it: contains an infinite number of points.