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Quinzel earns 1254 each month His total deductions are 20 percent of his pay How much is deducted from his pay each month?
i think.................................................................................................................................................................................................................................................
John has two jobs and earns a total of 2345 per month What percent of his gross income does John receive from his second job where he makes 609.70 a month?
26%
What is the formula to calculate a credit card balance of 513.24 with a 17 daily interestrate making 10.00 payments each month?
The 17% interest is actually an annual rate, so each month you are charged 17%/12=1.42%. There is no simple formula to calculate your monthly balance as far as I know, the best way is to just calculate each month. Month 1: Carry-over Balance: 513.24$ Interest: 1.42% x 513.24 = 7.27$ Payment: 10.00$ Final Balance: 513.24$ + 7.27$ - 10.00$ = 510.51$ Month 2: Carry-over balance: 510.51$ Interest: 1.42% x 510.51 = 7.23$ Payment: 10.00$ Total: 510.15$ + 7.23$ - 10.00$ = 507.74$ Month 3: Carry-over balance: 507.74$ Interest: 1.42% x 507.74 = 7.19$ Payment: 10.00$ Total: 507.74$ + 7.19$ - 10.00$ = 504.94$ ... (I calculated how far it would go using Excel) Month 93: Carry-over balance: 3.12$ Interest: 1.42% x 3.12 = 0.04$ Payment: 3.16$ Total: 3.12$ + 0.04$ - 3.16$ = 0.00$ So, with 17% annual interest rate and a 10.00$ payment every month, it'll take 7 years and 9 months to pay off your bill. You will have spent a total of 923.16$, or 409.92$ in interest on a 513.24$ balance. Credit card balances really suck due to their huge interest.
A family spends 20 percent of its income on food 23 percent on rent and 42 percent on other expenses and saves the balance if the family saves 360 dollars per month what is the families monthly income?
Total Income = ? % spent on Rent = 23% % spent on food = 20% % spent on Other expenses = 42% Amount remaining = 360 % remaining = 100 - (23 + 20 + 42) = 15% 15% of X amount = 360. So X = 360/15% = 2400 The families total income is $2400
300 dollars a month plus 2.5 percent commission What is her gross pay if she selss 4290.00 dollars?
On sales of $4290 the person earns commission of 2.5% = 4290 x 2.5/100 = $107.25 Total gross pay for the month = 300 + 107.25 = $407.25
If you deposit 10 per month in a bank that offers an annual interest rate of 6. At the end of three years your balance is?
To calculate the future balance after depositing $10 per month for three years at an annual interest rate of 6%, we can use the future value of a series formula. The total number of deposits is 36 (3 years x 12 months), and the monthly interest rate is 0.5% (6% annual divided by 12). After applying the formula, the future balance would be approximately $393.75.
Which formula best expresses your monthly ending balance?
The formula that best expresses your monthly ending balance is: Ending Balance = Beginning Balance + Total Deposits - Total Withdrawals. This formula takes into account the starting balance for the month, adds any deposits made, and subtracts any withdrawals to calculate the final amount available at the end of the month.
In a common size balance sheet the 100 percent figure is?
the total assets figure
Markers $550 per month if he spends $220 a month on gas what percent of his total monthly income does he spend on gas?
121000
Quinzel earns 1254 each month His total deductions are 20 percent of his pay How much is deducted from his pay each month?
i think.................................................................................................................................................................................................................................................
Angelo earns 2080 each month His total deductions are 30 percent of his pay How much is deducted from his pay each month?
b) $624.00
What is a monthly balance and how is it determined?
A monthly balance refers to the total amount of money in an account at the end of a specific month, reflecting all transactions during that period. It is determined by taking the opening balance at the start of the month, adding any deposits or credits made throughout the month, and subtracting any withdrawals or debits. This balance is crucial for understanding an account's financial status and for budgeting purposes.
John has two jobs and earns a total of 2345 per month What percent of his gross income does John receive from his second job where he makes 609.70 a month?
26%
Will paying more every month on car loan lower the total cost?
Yes it will. They car will be paid off earlier and interest will not be as much based of the total balance.
What is the formula to calculate a credit card balance of 513.24 with a 17 daily interestrate making 10.00 payments each month?
The 17% interest is actually an annual rate, so each month you are charged 17%/12=1.42%. There is no simple formula to calculate your monthly balance as far as I know, the best way is to just calculate each month. Month 1: Carry-over Balance: 513.24$ Interest: 1.42% x 513.24 = 7.27$ Payment: 10.00$ Final Balance: 513.24$ + 7.27$ - 10.00$ = 510.51$ Month 2: Carry-over balance: 510.51$ Interest: 1.42% x 510.51 = 7.23$ Payment: 10.00$ Total: 510.15$ + 7.23$ - 10.00$ = 507.74$ Month 3: Carry-over balance: 507.74$ Interest: 1.42% x 507.74 = 7.19$ Payment: 10.00$ Total: 507.74$ + 7.19$ - 10.00$ = 504.94$ ... (I calculated how far it would go using Excel) Month 93: Carry-over balance: 3.12$ Interest: 1.42% x 3.12 = 0.04$ Payment: 3.16$ Total: 3.12$ + 0.04$ - 3.16$ = 0.00$ So, with 17% annual interest rate and a 10.00$ payment every month, it'll take 7 years and 9 months to pay off your bill. You will have spent a total of 923.16$, or 409.92$ in interest on a 513.24$ balance. Credit card balances really suck due to their huge interest.
How is the average daily balance caculated?
The average daily balance is calculated by adding the balance of an account at the end of each day over a specific period and then dividing that total by the number of days in the period. For example, if you track the balance over a month, you would sum up the daily balances for each day of the month and divide by the number of days in that month. This method provides a more accurate representation of account activity compared to simply averaging monthly balances.
What is the meaning of 'balance of payment surplus'?
If money recd is more than paid by any country to another country. It is called balance of payment - surplus in short more "Export Less Imports".
