You have four credit cards. Each has a balance of $950.00, but their credit limits are $1,200.00, $2,200.00, $2,400.00, and $3,000.00. Paying off and closing which card would decrease your debt ratio?

QUESTION POSTED AT 22/01/2020 - 02:11 AM

Related questions

Which ratio is about 2.54 centimeters. about how many centimeters is 4.5 inches?

1 inch equals 2.54 centimeters. Can you work out from here ?

ANSWERED AT 20/02/2020 - 11:22 PM


QUESTION POSTED AT 20/02/2020 - 11:22 PM

What is the amount of social security tax for a gross pay amount of $944? A. $15.23 B. $58.53 C. $152.26 D. $585.26

Answer: The answer is $58.53

Step-by-step explanation:

ANSWERED AT 20/02/2020 - 11:21 PM


QUESTION POSTED AT 20/02/2020 - 11:21 PM

Ill give a tip please explain the steps Use this table as a reference for your interest rate percentages. Secured Unsecured Credit APR (%) APR (%) Excellent 4.80 5.25 Good 5.15 5.65 Average 5.85 6.20 Fair 7.00 7.65 Poor 8.20 9.15 8. You (or your parents) purchase a new car for $19,725.00 plus 4.75% sales tax. The down payment is $2,175.00 and you (or your parents) have an average credit rating. How much interest is accrued after the first month? (2 points) 9. You (or your parents) purchase a used car for $15,867.00 plus 5.25% sales tax. The down payment is 10% of the total cost and you (or your parents) have an excellent credit rating. What is your principal balance at the start of the loan? (2 points) 10. You (or your parents) are debating about whether to buy a new car for $19,072.00 or a used car for $15,635.00. Sales tax is 4.5%. You (or your parents) plan to make a down payment of $1,200.00 and your credit rating is fair. What is the difference in interest accrued by the end of the first month? (

Divide the APR by 360 days and multiply it by 30 days to get the monthly interest. Each loan is usually secured by the car you bought. So we will use the secured APR.

8. Average rating secured apr: 5.85% divide by 360 multiply by 30:  0.4875% monthly rate
Cost of car: 19,725 ; sales tax: 4.75% ; down payment: 2,175

19,725 x 1.0475 =  20,661.94 - 2,175 = 18,486.94 loan amount
18,486.94 x 0.4875% = 90.12 accrued interest for the 1st month.

9. Excellent rating secured apr: 4.80% divide by 360 multiply by 30: 0.40% monthly rate
Cost of car: 15,867 ; sales tax: 5.25% ; down payment: 10% of total cost

15,867 x 1.0525 =  16,700.02 x 90% = 15,030.02 the principal balance at the start of the loan.

10. Fair rating secured apr: 7% divide by 360 multiply by 30: 0.5833% monthly rate
Cost of new car: 19,072 ; sales tax: 4.5% ; down payment: 1,200
Cost of used car: 15,365; sales tax: 4.5% ; down payment: 1,200

19,072 x 1.045 = 19,930.24 - 1,200 = 18,730.24
18,730.24 x 0.5833% = 109.25 accrued interest

15,365 x 1.045 = 16,056.43 - 1,200 = 14,856.43
14,856.43 x 0.5833% = 86.66 accrued interest

109.25 - 86.66 = 22.59 is the difference in interest accrued by the end of the first month.

ANSWERED AT 20/02/2020 - 11:06 PM


QUESTION POSTED AT 20/02/2020 - 11:06 PM

Six times a number decreased by 5 is the same as 4 times the number increased by 9. What is the number?

6x-5=4x+9
6x=4x+14
2x=14
x=7

ANSWERED AT 20/02/2020 - 10:52 PM


QUESTION POSTED AT 20/02/2020 - 10:52 PM

Fairveiw has 330 seventh grade students, and is ratio of boys to girls is 6:5. salem has 360 seventh grade students, and its ratio boys to girls is 4:5. the two towns hold a carnival, and all seventh grade students from both towns attend. how many seventh grade students at the carnival are boys?

Fiarview
6:5=11
330=11 units
divide by 11
30=1 unit
boys=6 unit
30 times 6=180 boys in fiarview




salem
4:5=9
360=9 units
divide by 9
40=1unit
boy=4 unit
40 times 4=160

add total boys
180+160=340 boys

ANSWERED AT 20/02/2020 - 10:50 PM


QUESTION POSTED AT 20/02/2020 - 10:50 PM

What can you reduce the ratio 4:2 into

4 pieces of pottery
2 hours
4:2 simplify ratios (divide by G.C.F.) 
4:2 =2:1

ANSWERED AT 20/02/2020 - 10:43 PM


QUESTION POSTED AT 20/02/2020 - 10:43 PM

What is the ratio for 3,27,243and 2187

327243:2187 or 327243to2187 or 327243/2187

ANSWERED AT 20/02/2020 - 10:37 PM


QUESTION POSTED AT 20/02/2020 - 10:37 PM

An item is regularly priced at $20 . Leila bought it at a discount of 60% off the regular price. How much did Leila pay?

60% of 20 is 12 because .60×20 is 12.
Since it is 60% off, we subtract.
Subtract 12 from 20 and you'll get 8.
Leila paid $8!

ANSWERED AT 20/02/2020 - 10:37 PM


QUESTION POSTED AT 20/02/2020 - 10:37 PM

A customer pays $18 for a dvd that orginally cost $20 what is the percentage in the cost of the dvd

The DVD is 10% off because 20x90%=18

ANSWERED AT 20/02/2020 - 10:24 PM


QUESTION POSTED AT 20/02/2020 - 10:24 PM

58 decreased by 80%

58 decreased by 80% = 58 x 20% = 11.6

ANSWERED AT 20/02/2020 - 10:20 PM


QUESTION POSTED AT 20/02/2020 - 10:20 PM

Sal currently has an account balance of $ 2,835.48. He opened the account five years ago with a deposit of $2,310.72. If the interest compounds twice a year, what is the interest rate on the account?

Exp = log (total/principal) / n*years
where n is compounding periods per year (2)
exp = log (2,835.48 / 2,310.72) / 2 * 5
exp = log( 1.2270980474 ) / 10

exp = 
0.088879265045 / 10
exp =  0.0088879265045

rate = (10^exp -1) * n
rate = 1.0206760553  -1 * n
rate = .0206760553 * 2

rate = 0.0413521106
rate =
4.13521106 %
Use this calculator to check it:
http://www.1728.org/compint.htm
 






ANSWERED AT 20/02/2020 - 10:19 PM


QUESTION POSTED AT 20/02/2020 - 10:19 PM

An account earns simple interest. $5200 at 7.36% for 54 months. Find the interest earned. Find the balance of the account

Answer:

Interest earned=$ 1722.24

New Balance of account=$6922.24

Step-by-step explanation:

An account earns simple interest.

$5200 at 7.36% for 54 months.

The principal account (P) =$5200

R=7.36%

T=54 months=54/12 year=4.5 year.

Hence, simple interest(I) is calculated as:

I=\dfrac{P\times R\times T}{100}\\\\I=\dfrac{5200\times 7.36\times 4.5}{100}\\\\I=\$ 1722.24

Hence, interest earned=$ 1722.24

Hence, the new balance of the account is:

P+I

=5200+1722.24

=$ 6922.24.

Hence new balance of account=$ 6922.24

ANSWERED AT 20/02/2020 - 10:17 PM


QUESTION POSTED AT 20/02/2020 - 10:17 PM

How do you identify equivalent ratios

The correct answers are:

A
B
G

It's because the ratio is 5:2. 250:100 is the same thing when you multiply 5:2 by 50, hence A is correct.

10 to 4 is also correct because 10 to 4 is the same as 10:4, and the original ratio is 5:2. You just have to multiply the ratio by 2 to get 10:4, and they're still equivalent. 

G is also correct because 50 to 20 is the same as 50:20, and when you divide that by 10, you get 5:2, which is the same ratio. 

ANSWERED AT 20/02/2020 - 10:15 PM


QUESTION POSTED AT 20/02/2020 - 10:15 PM

If water cost 1 cent for 2.5 gallons how much would you be paying for 27,360 gallons

If 1 cent cost 2.5 gallons ;
1 gallon equals 0.4 (1÷2.5)
therefore 27360 gallons is equal to 10,944,(27360×0.4).

ANSWERED AT 20/02/2020 - 10:11 PM


QUESTION POSTED AT 20/02/2020 - 10:11 PM

Bill has 15 fewer cards than joe . write an expression to find how many cards bill has... ???

15 - 1 = x thats the answer to the problem thats how you can have the answer

ANSWERED AT 20/02/2020 - 09:41 PM


QUESTION POSTED AT 20/02/2020 - 09:41 PM

The ratio of sugar to flour is 2:3 . if there are 6 cups of sugar, how many cups of flour are there? come some one please help me with this.

You need to set up a proportion: 2/3=6/x then you need to cross multiply and get 2x=18 after that your last step is to solve this one-step equation, so the answer to your question is x=9 or 9 cups of flour

ANSWERED AT 20/02/2020 - 01:41 PM


QUESTION POSTED AT 20/02/2020 - 01:41 PM

A. What is the probability that a five-card poker hand contains exactly one ace? b. What is the probability that a five-card poker hand contains cards of five different kinds?

Part (A):

\dfrac{\dbinom41\dbinom{48}4}{\dbinom{52}5}\approx0.2995

Part (B): Depends on what you mean by "different kind". If "kind" means "suit", well that's impossible, because there are only 4 suits so at least two of the cards must match suit.

ANSWERED AT 20/02/2020 - 01:16 PM


QUESTION POSTED AT 20/02/2020 - 01:16 PM

1. which type of debt is most often secured? a. mortgage b. personal line of credit c. credit card d. revolting line of credit 2. A(n) _____ is considered unsecured debt a. auto loan b. mortgage loan c. home equity loan d. credit card 3. you (or your parents) are purchasing a car for $18,965 plus 6.25% sales tax. The down payment is $1,500. What is the difference in the accured in interest at the end of the first month between the average and the excellent credit ratings?a. $15.01b. $15.95c. $14.47d. $13.834. you (or your parents) purchase a car for $28,125 plus 7.5% sales tax. The down payment is $3,125. You have a fair credit rating. What is your new principal balance at the beginning of the second month if you pay $529.79 at the end of the first month?a. $26,706.14b. $27,595.25c. $29,704.53d. $26,579.63

1. which type of debt is most often secured? 
a. mortgage 


2. A(n) _____ is considered unsecured debt 
d. credit card 

3. you (or your parents) are purchasing a car for $18,965 plus 6.25% sales tax. The down payment is $1,500. What is the difference in the accured in interest at the end of the first month between the average and the excellent credit ratings?

Excellent secured APR: 3.95% = 0.3291% for 1 month
Average secured APR: 4.90% = 0.4083% for 1 month

18,965 x  1.0625 = 20,150.31 - 1,500 dp = 18,650.31 * (0.4083%-0.3291%) = 18,650.31 * 0.0792% = 1,477/10 / 100% = 14.77  nearest to Choice C 14.47.

4. you (or your parents) purchase a car for $28,125 plus 7.5% sales tax. The down payment is $3,125. You have a fair credit rating. What is your new principal balance at the beginning of the second month if you pay $529.79 at the end of the first month?

Fair secured apr: 5.60% = 0.4666% for 1 month

28,125 x 1.075 = 30,234.38 - 3125 = 27,109.38

27,109.38 x 1.004666 = 27,235.87 - 529.79 = 26,706.08 nearest to Choice A. 26,706.14

ANSWERED AT 20/02/2020 - 01:07 PM


QUESTION POSTED AT 20/02/2020 - 01:07 PM

I'm in the 7 grade I need help on this math problem. The original a Amount is 200 and the new Amount is 78 help me find the percent I do not under decrease ping percent please help me.

If you want to find what the percent of 78 out of 200 is then divide 78 by 200 and you'll get .39 which is 39% . Not sure If this is what you were asking though

ANSWERED AT 20/02/2020 - 10:55 AM


QUESTION POSTED AT 20/02/2020 - 10:55 AM

What is the ratio of cups to quarts in a carton of milk?

With some assistance they can pour 4 quarts into the gallon container to understand that 4 quarts are equal to 1 gallon. Since there are 2 pints in a quart, there are 8 pints in a gallon. Since there are 2 cups to a pint, there are 16 cups in a gallon.

ANSWERED AT 19/02/2020 - 12:28 PM


QUESTION POSTED AT 19/02/2020 - 12:28 PM

If the original quantity is 10 and the new quantity is 7 what is the percent decrease?

7 divided by 10 then subtract 100% =30

ANSWERED AT 19/02/2020 - 12:01 PM


QUESTION POSTED AT 19/02/2020 - 12:01 PM

Chevis had a previous credit card balance of $456.79. He was assessed a 1.5% finance charge. He made no payments or purchases. The credit card company added a $20 late fee. The next month, he was again assessed a 1.5% finance charge. What is his new balance?

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

If the credit card balance was $456.79 and the company assessed a 1.5% finance charge, then the finance charge resulted in a charge of $6.85, so the new balance would be $463.64.

ANSWERED AT 19/02/2020 - 11:45 AM


QUESTION POSTED AT 19/02/2020 - 11:45 AM

During a sale, The price of a sweater was changed from $20 to $16. What was the percent of the decrease in the price of the sweater? (Please show work:) )

$16/$20 = x%/100% (in a proportion)

Cross-multiply

1600 = 20x

Divide 1600 by 20

x = 80

80%/100%

Because you know the price decreased, you subtract 80 from 100 to find your answer

100 - 80 = 20% decrease in price

Hope this helps!

ANSWERED AT 19/02/2020 - 10:31 AM


QUESTION POSTED AT 19/02/2020 - 10:31 AM