Ask Question
14 September, 23:11

Azmir's checking account pays 0.75% interest monthly and has a $7.50 service fee. If Azmir's balance last month was $825, find the amount of credit or debit to his account after interest and service fee are both applied.

+4
Answers (2)
  1. 15 September, 01:32
    0
    We are given with a current balance of $825 and a 0.75% interest rate with an additional constant of $7.50 service fee. In this case, we are asked to determine the total debit. The formula is F = P (1 + in) + c where c is the constant fee, i is the interest and n is the number of months assuming n is equal to 1. F = 838.6875
  2. 15 September, 01:42
    0
    The answer is Debit of $1.31 hopes
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Azmir's checking account pays 0.75% interest monthly and has a $7.50 service fee. If Azmir's balance last month was $825, find the amount ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers