Chapter 6: Problem 24
Find percent notation. $$ \frac{17}{25} $$
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Chapter 6: Problem 24
Find percent notation. $$ \frac{17}{25} $$
These are the key concepts you need to understand to accurately answer the question.
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Find the LCM of 32 and 50 .
Solve. Luke has a balance of \(\$ 5328.88\) on a credit card with an annual percentage rate (APR) of \(18.7 \%\) a) Many credit cards require a minimum monthly payment of \(2 \%\) of the balance. What is Luke's minimum payment on a balance of \(\$ 5328.88 ?\) Round the answer to the nearest dollar. b) Find the amount of interest and the amount applied to reduce the principal in the minimum payment found in part (a). c) If Luke had transferred his balance to a card with an APR of \(13.2 \%\), how much of his payment would be interest and how much would be applied to reduce the principal? d) Compare the amounts for \(13.2 \%\) from part (c) with the amounts for \(18.7 \%\) from part (b).
Solve. David earns \(\$ 1147.50\) for selling \(\$ 7650\) worth of car parts. What is the commission rate?
Solve. The sales tax is \(\$ 35.80\) on the purchase of a refrigeratorfreezer that sells for \(\$ 895 .\) What is the sales tax rate?
Solve. The sales tax is \(\$ 30\) on the purchase of a diamond ring that sells for \(\$ 750\). What is the sales tax rate?
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