Question

You are paying 11% interest on a credit card balance of $2,000. Which of the following best estimates the interest you are paying each month?

a) $11.00
b) $13.33
c) $15.33
d) $18.33
Will fan and medal

Answer 1

@Poke~Master314

Answer 2

i want to answer it but i dont remember how to

Answer 3

ok what do you think it is?

Answer 4

D

Answer 5

im not sure

Answer 6

lets assume, that the number 2000 is 100%

Answer 7

ok

Answer 8

so

Answer 9

it would be d then

Answer 10

because i got 17.50 which is close to D

Answer 11

ok so lets say that x is the value we are looking for.

If 2000 is 100%, so we can write it down as 2000=100%.

We know, that x is 11%, so we can write it down as x=11%.

Now we have two simple equations:

1) 2000=100%
2) x=11%
So we can use this info to make the following equation;

\(\large \frac{2000}{x}=\frac{100%}{11%}\)

Now we just have to solve the simple equation, and we will get the solution we are looking for.

Can you solve it?

Answer 12

omg poke, im in love
i love your math knowledge base lol

Answer 13

My what?

@Seneca101 can you solve it? or need help?

Answer 14

it would be A

Answer 15

why A?