SAT
SAT, 26.10.2021 14:30, chrisspa13

Use the following compound interest formula to complete the problem. A = P (1 StartFraction r over n EndFraction) superscript n superscript t Sandra has two credit cards, P and Q. Card P has a balance of $726.19 and an interest rate of 10.19%, compounded semiannually. Card Q has a balance of $855.20 and an interest rate of 8.63%, compounded monthly. Assuming that Sandra makes no purchases and no payments with either card, after four years, which card’s balance will have increased by more, and how much greater will that increase be? a. Card Q’s balance increased by $7.22 more than Card P’s balance. b. Card Q’s balance increased by $6.69 more than Card P’s balance. c. Card P’s balance increased by $3.43 more than Card Q’s balance. d. Card P’s balance increased by $0.80 more than Card Q’s balance.

answer
Answers: 2

Other questions on the subject: SAT

image
SAT, 25.06.2019 22:30, frisha
According to the passage weisers mother could be blamed for
Answers: 1
image
SAT, 26.06.2019 16:00, 2022mcwhirterbrendan
Where is my favorite place to eat?
Answers: 1
image
SAT, 26.06.2019 16:00, utjfkdndidndldn62121
Whats begin with t, ends with t has t in it
Answers: 2
image
SAT, 28.06.2019 02:00, kharmaculpepper
Which key skills does the sat writing and language section asses?
Answers: 1
Do you know the correct answer?
Use the following compound interest formula to complete the problem. A = P (1 StartFraction r over n...

Questions in other subjects:

Konu
English, 11.09.2020 04:01
Konu
Mathematics, 11.09.2020 04:01
Konu
Mathematics, 11.09.2020 04:01
Konu
Health, 11.09.2020 04:01
Konu
Mathematics, 11.09.2020 04:01
Konu
Mathematics, 11.09.2020 04:01
Konu
Mathematics, 11.09.2020 04:01
Konu
Mathematics, 11.09.2020 04:01
Konu
Mathematics, 11.09.2020 04:01
Konu
Mathematics, 11.09.2020 04:01