Marika Katz Bought a $7,000 Computer $\frac {\text {1 }} { \text {2 } }$

question 20

Short Answer

Marika Katz bought a $7,000 computer. Based on her income, Marika could afford to pay back only $700 per month. The charge on the unpaid balance is1 $\frac {\text {1 }} { \text {2 } }$ % . The U.S. Rule is used in the calculation. Calculate the balance outstanding after the second month.

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Definitions:

Social Networks

Online platforms that allow users to build interpersonal relationships, share interests, activities, backgrounds, or real-life connections.

LinkedIn Page

A public profile on LinkedIn, the professional networking site, dedicated to businesses, organizations, or public figures to share updates, insights, and engage with followers.

Information Technologies

The use of computers, storage, networking, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.

Loose Collection

Loose Collection refers to a group of items or elements that are gathered together without a strict organization or structure.