To the nearest cent, what is the finance charge, if the charge is computed on average daily balance at a periodic monthly rate of 3.2%?

Finance charge is $100.34

Step-by-step explanation:

Given : The table attached in the question and the charge is computed on average daily balance at a periodic monthly rate of 3.2%.

To find : What is the finance charge?

Solution :

We have given the number of days and sum of balances.

So, we find the finance charge of each dates one by one.

Finance rate = 3.2%=0.032

Using the formula,

Refer the table,

First finance charge is,

Number of days=5, Total number of days = 31 , Finance rate = 0.032 , sum of balance=$1375

Similarly, we put all the values from the table and we get,

Now, the total finance charge is

$1=100 cent

$100.34=10034 cent.

answer: h

step-by-step explanation:

  y= -3x is the required function.

step-by-step explanation:

we have been given a table:

x             y

0             0

1             -3

3             -9

-2             6

we can see that the values of y is -3 times the value of x

hence, the function would be: y= -3x.

put the values of x will give the same y as in the table that means function is satisfying the given table.