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03.08 Debt Practice Test
MASOODLF - FINANCIAL APPLICATIONS I-JOHN, A (TEACHER MASTER) / Debt
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6. Irene has a previous balance of $987 on a credit card with a 17.3% APR compounded monthly. If she made a payment of $50 this month, what is the new balance on her credit
card? (2 points)
O $1,157.75
O $1,107.75
O $937.00
O $951.23
7. Kristin uses her credit card to purchase a new television for $863.35. She can pay off up to $425 per month. The card has an annual rate of 29.9% compounded monthly, How

what are ur choices?

only 10/60 isn't equivalent

hope this : )

step-by-step explanation:

12: 00 p.m. to 7: 00 p.m. is a total of 7 hours.

4: 00 p.m. to 7: 00 p.m. is a total of 3 hours.

this means that from 4: 00 p.m to 7: 00 p.m. this represents 3/7 of what was lost from 12: 00 p.m. to 7: 00 p.m.

after knowing this, after doing 11,600 - 6,800 = 4,800

4,800 represents 3/7 of what was lost for 7 hours.

we then divide 4,800 by 3 which gets 1,600.

because we know that 1,600 represents 1/7 of how much water was lost, we just have to multiply by 7, which gets 11,200.   after adding 11,200 to how much water was left at 7: 00 p.m. which was 6,800. 11,200 + 6,800 = 18,000

this means that the pool originally had 18,000 gallons in the pool.

you can also check your work by doing 18,000 - 4(1600), which becomes           1800 - 6400 which gets you 11,600.