Solve the Problem. -The Balance Due on a Charge Card That Charges 1.6

question 8

Multiple Choice

Solve the problem.
-The balance due on a charge card that charges 1.6% on the average unpaid balance is $4,524.87. How much could be saved if the cardholder changed to a credit card that charges 1.0% on the average unpaid balance?

• A)$72.40
• B)$27.15
• C)$45.25
• D)$29.41

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Definitions:

Labia Majora

Two folds of spongy flesh extending from the mons pubis and enclosing the labia minora, clitoris, urethral opening, and vaginal entrance. Also known as outer lips.

Homologous

Describing structures in different species that are similar due to common ancestry, or referring to genetic material that can be exchanged or paired in homologous recombination during cell division.

Scrotum

The pouch of skin containing the testicles and parts of the spermatic cord, playing a role in regulating the temperature for sperm production.

Luteinizing Hormone (LH)

A hormone involved in ovulation.