Question

PLEASE help, so tired just want to go to bed already.

1. your parents have $2,745.69 on a credit card with a 12.75% APR. they miss their minimum payment and there is a late fee of $29.00. how much is their balance at the beginning of the second month?
A. $3,095.77
B. $2803.86
C. 3,128.46
D 2,774.69

2. The total sale price for purchase at one store is $268.97. the total sale price at another sstore is $ 240.95. you have an addition 10 % off coupon for the second store for purchases over $200.00. how much more would you save by shopping at the second store
A. 1.12
b.32.12
c.28.02
d. 52.12

Answer 1

1) B 2)D

Explanation:

Answer 2

1.) The answer is Letter B - 2,803.86 (Add the balance, the interest, and the late fee)
Credit balance : 2,745.69
Monthly interest : 29.17 [(2,745.69 x 12.75%) / 12 months]
Late fee payment : 29.00
2,803.86

2.) The answer is Letter D - 52.12 (get the difference between the first store and the second store after deducting the 10% discount)
First store : 268.97
Second store : 216.86 [240.95 - (240.95 x 10%)]
52.12