What is an open line of credit?
a. A line of credit which has no current balance.
b. A line of credit with a variable interest rate.
C. A line of credit against which additional debt may be drawn.
d. A line of credit which has no credit history requirements.
Please select the best answer from the choices provided
OA

  C. A line of credit against which additional debt may be drawn

Step-by-step explanation:

If the line of credit is "open", money may be borrowed and repaid repeatedly. Usually, the lender will establish some limit on the amount of outstanding debt there may be, but additional funds may be borrowed up to that limit at any time.

m a t h w a y. c o m

step-by-step explanation:

answer:

payment just for service  

→

$

87.12

payment for service including tax

→

$

94.09

explanation:

service only with 20% tip  

→

$

72.6

(

1

+

20

100

)

=

$

87.12

in the opening of the question the word 'service' is associated only with the pretax value.

the closing part of the question asks: how much did she pay for the  

service

−−−−−−  

so technically the answer is  

→

$

72.6

(

1

+

20

100

)

=

$

87.12

however, the intention of the question provider may have been that your answer is to be  

$

87.12

(

1

+

8

100

)

=

$

94.09

to 2 decimal places.

'

payment just for service  

→

$

87.12

payment for service including tax

→

$

94.09

tony b

mar 21, 2017

answer:

trying to explain it another way

explanation:

service charge  

.

→

$

72.60

20% tip  

20

100

×

$

72.60

=

$

14.52

−−−−−−  

←

add

$

87.12

tax  

8

100

×

$

87.12

=

$

6.97

−−−−−  

←

add

$

94.09

related questions