Raymond B. answered 06/07/23
Math, microeconomics or criminal justice
1) $100+$1= $101
1% of $100= $1
Vic P.
asked 06/06/231) Doug Fox purchased $100 in traveler's checks. He had to pay a 1% fee. What was the total cost of the checks?
2) Darcy McMillan borrowed $3,600 for 7 months and had an interest charge of $250. Find the approximate annual interest rate to the nearest tenth of a percent.
3) Larry Burbach owed a credit card company $4,000. He paid $350 one month and did not charge any new items. He is charged 1.8% monthly interest on the unpaid balance. How much will his new balance be?
Raymond B. answered 06/07/23
Math, microeconomics or criminal justice
1) $100+$1= $101
1% of $100= $1
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