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OpenStudy (pphalke):
Look, I am really stuck and need help please help me. the answer for #13 is 390.00 and #14 is 4.68 are these right
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OpenStudy (pphalke):
OpenStudy (pphalke):
please help me !!
OpenStudy (pphalke):
@jim_thompson5910 @563blackghost
jimthompson5910 (jim_thompson5910):
For #13, I'm getting 390 as well (14*300+5*400+11*500)/(14+5+11) = 390 nice work
jimthompson5910 (jim_thompson5910):
however for #14, I'm getting a slightly different answer I = P*r*t I = 390*0.146*(1/12) I = 4.745 which rounds to 4.75 so the finance charge is $4.75
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OpenStudy (pphalke):
how do I do number 15
jimthompson5910 (jim_thompson5910):
Add the finance charge to the last balance figure
OpenStudy (pphalke):
504.75
jimthompson5910 (jim_thompson5910):
yep
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