# How Does Work Credit Card

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## Ms. Lovely purchased goods amounting to P12,000.00. She used two

Ask: Ms. Lovely purchased goods amounting to P12,000.00. She used two credit cards to pay P6,000.00 each. Credit card P charges 3% interest rate per annum while credit card Q charges 3% interest rate per annum compounded semi-annually.

1. What kind of interest does credit card P illustrate?

2. What kind of interest does credit card Q illustrate?

3. Which credit card will Ms. Lovely have less to pay? Why?

pa help naman po thanks.​

1. variable rate, fixed rate and promotional rate

2. The formula for compound interest is

where A is the amount after t years

P is the principal investment

r is the interest rate

n is the number of times it is compounded in a year

Now plugging your given into this: P = 10,000, r = 2% or 0.02 in decimal form,

n = 4, since it is compounded quarterly, t = 5 years.

So maturity value = A = 10,000(1 + (0.02)/4)^(4×5) = Php 11,048.96.

Thus the interest = maturity value – principal = 11,048.96 – 10,000 = Php 1,048.96.

3. Carrying a balance month-to-month

Step-by-step explanation:

from: g o o g l e and B r a i n l y

## Ms. Lovely purchased goods amounting to P12,000.00. She used two

Ask: Ms. Lovely purchased goods amounting to P12,000.00. She used two credit cards to pay P6,000.00 each. Credit card P charges 3% interest rate per annum while credit card Q charges 3% interest rate per annum compounded semi-annually.

1. What kind of interest does credit card P illustrate?

2. What kind of interest does credit card Q illustrate?

3. Which credit card will Ms. Lovely have less to pay? Why?​

Drinking 5-6 glasses of water daily 3. Exercising once a week 4. Getting enough rest 5. Avoiding alcohol, cigarettes and drugs

brainliest

Step-by-step explanation:

. Lead forms two compounds with oxygen as shown:

Compound A: 2.98 g Pb & 0.461 g 0.

Compound B: 9.89 g Pb & 0.763 g 0.

1. For a given mass of oxygen, what is the lowest whole number mass ratio of lead in the two compounds

## How to verify a credit card and a cheque?​

Ask: How to verify a credit card and a cheque?​

How to verify a credit card and a cheque?

• To validate, type the Credit Card or Debit Card Number in the specified field below.
• To validate, type the Credit Card or Debit Card Number in the specified field below.Make sure that the Credit Card or Debit Card Number follows the proper format. The length is in between 13 to 19 characters and contains only numbers and no space in between.

Explanation:

hope it helps

#carry on learning ❤️❤️

## how would you feel if someone else took credit card

Ask: how would you feel if someone else took credit card to your work?​

Anger, Furious, hate, lust of kill then forget what happend to the pass and let it go. Like nothing happend

## how does credit policy affect working capital​

Ask: how does credit policy affect working capital​

Credit policy refers to average period for collection of sale proceeds. … If company is following liberal credit policy then it will require more working capital whereas if company is following strict or short term credit policy, then it can manage with less working capital also.

## what type of electromagnetic spectrum does credit cards use

Ask: what type of electromagnetic spectrum does credit cards use

Explain how electromagnetic waves are divided into different ranges, depending on wavelength and corresponding frequency

Explanation:

Ask: A. Do your parent own a credit card? How about you, do you plan so own a credit card when you graduate and get work? Why?

B. Compare the writers attitude towards credit card with her friend sara’s.

A : The answer to the first question really depends upon you. but for the most cases , people tend to get their credit card for personal usage. comfort and ease within transactions.

B: The writer’s attitude towards a credit-card is quite low, he prefers to not own one because he thinks that it will avert into a disaster if handled wrong, but there is a small thought for her that it is easier to buy things when she has it.
– Sara’s viewpoint is rather the parallel to the writer, for Sara, the credit-card is anywhere ticket to transaction, so for Sara it is more comfortable and easier to buy whatever she wants.

## Suppose that the balance of a certain credit card is

Ask: Suppose that the balance of a certain credit card is 43,744.53 pesos. The credit card company charges 3.5% per month. How much is the total balance owed to the credit card company?​

The Credit Card company charges a monthly fee of 3.5%

Every Month the Credit Card Company charges you for Php 1,531.06.

That is, 43,744.53 x 0.035 = 1,531.06

Your total balance after that is  Php 42, 213.47

45275.59 pesos

Step-by-step explanation:

Credit Card Fee = 3.5%

Find the fee:

Fee = 3.5% of 43,744.53 pesos

Fee = 0.035 x 43,744.53

Fee = 1531.06

Find the balance owed:

Credit Card balance = 43,744.53 pesos

Fee = 1531.06 pesos

Total = 43,744.53 + 1531.06

Total = 45275.59 pesos