22. Philip has an average daily balance on his credit
card of $107.50. His credit card charges 8.99%
annual interest. What will his monthly finance
charge be?
$8.99
$0.75
$0.81
$9.66

$0.81

Step-by-step explanation:

Given;

Philip's average balance = $107.50

Annual Charges rate = 8.99% = 0.0899

The annual Charges can be calculated as;

Annual Charges = Average balance × rate

Substituting the values;

Annual Charges = 107.50 × 0.0899 = $9.66

The monthly charges can be derived from the annual Charges by dividing by the number of months in a year.

Monthly Charges = Annual Charges ÷ 12 month per year

Monthly Charges = $9.66 ÷ 12 = $0.805

Monthly Charge = $0.81

10000000000000000000000000000000

a) y = -3x +2

b) y = 1/2x -6

these 2 can be combined into one equation.

-3x +2 = .5x -6

8 = 3.5x

x = 8 / 3.5 = 2.2857142857

y = -3 * (8 / 3.5) +2

y = (-24 / 3.5) + 2

y = -4.8571428571

step-by-step explanation: