Bailey wanted a new pair of shoes. She put the $142 cost on her credit card. Because Bailey has been irresponsible with her credit,

Question

Bailey wanted a new pair of shoes. She put the $142 cost on her
credit card. Because Bailey has been irresponsible with her credit,
the credit card company charges her 22% annual interest. Figure
Bailey’s balance after 180 days, assuming she made no payments.

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Khánh Gia 5 months 2021-09-05T04:01:03+00:00 1 Answers 0 views 0

Answers ( )

    0
    2021-09-05T04:02:27+00:00

    Answer:

    Bailey’s balance after 180 days is $ 157.39.

    Step-by-step explanation:

    Since Bailey wanted a new pair of shoes, and she put the $ 142 cost on her credit card, but because Bailey has been irresponsible with her credit, the credit card company charges her 22% annual interest, for figure Bailey’s balance after 180 days, assuming she made no payments, the following calculation must be made:

    365 = 100

    180 = X

    180 x 100/365 = X

    18,000 / 365 = X

    49.31 = X

    22 x 0.4931 = 10.84

    142 x 1.1084 = X

    157.39 = X

    Thus, Bailey’s balance after 180 days is $ 157.39.

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