Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

MATHEMATICS IN THE MODERN WORLD PART A. After the due date on Sept. 4, Ashley made the following transactions using her credit card Sept. 6

image text in transcribed

MATHEMATICS IN THE MODERN WORLD

PART A. After the due date on Sept. 4, Ashley made the following transactions using her credit card Sept. 6 bought washing machine worth 5,500 pesos Sept. 8 used it to pay school fees worth 6,200 pesos Sept. 13 paid 2,500 pesos Sept. 16 paid 1,000pesos Sept. 21 used it to pay insurance worth 9,500 pesos Sept. 30 paid 5,000 pesos The next billing date is Oct.4. The interest on the average daily balance is 1%. a) (20 pts)Construct a table of transactions (complete) b) (3 pts)What is the average daily balance c) (2 pts)compute for the finance charge PART A. After the due date on Sept. 4, Ashley made the following transactions using her credit card Sept. 6 bought washing machine worth 5,500 pesos Sept. 8 used it to pay school fees worth 6,200 pesos Sept. 13 paid 2,500 pesos Sept. 16 paid 1,000pesos Sept. 21 used it to pay insurance worth 9,500 pesos Sept. 30 paid 5,000 pesos The next billing date is Oct.4. The interest on the average daily balance is 1%. a) (20 pts)Construct a table of transactions (complete) b) (3 pts)What is the average daily balance c) (2 pts)compute for the finance charge

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Investing In The Trump Era How Economic Policies Impact Financial Markets

Authors: Nicholas P. Sargen

1st Edition

3319760440,3319760459

More Books

Students also viewed these Finance questions

Question

Direct cost variances for Toyota Company

Answered: 1 week ago

Question

Initiate a services consumption management program?

Answered: 1 week ago