Place all  problem solutions in the same response

Each answer must have all the steps that you used to arrive at that answer.

Problem Set

1

Part 1

Do the problem that corresponds to your assigned number.

Section 7-1 in the text has helpful information.

1) The sale price of a spring break vacation package was $1

3

9.99, and the travel
agent said by booking early, you saved $

2

0. Find the percent decrease in price.

1)

2) The sale price of a spring break vacation package was $209.99, and the travel
agent said by booking early, you saved $30. Find the percent decrease in price.

2)

3) According to a government agency, there were 107,600 chefs/head cooks
employed in the United States in 2010 and 31

4

,600 food service managers.
Those numbers were projected to decrease to 106,000 and 299,600 by 2020.
Which job was facing the larger percent decrease? By how much?

3)

4) According to a government agency, there were 98,600 chefs/head cooks
employed in the United States in 2010 and 319,600 food service managers.
Those numbers were projected to decrease to 97,800 and 30

5

,600 by 2020.
Which job was facing the larger percent decrease? By how much?

4)

5) You buy $132 in clothes at a department store. You can choose between
coupons that offer $20 off your entire purchase or 25% off. Which will save you
more money? By how much?

5)

6) The sale price of a spring break vacation package was $209.99, and the travel
agent said by booking early, you saved $20. Find the percent decrease in price.

6)

7) You buy $122 in clothes at a department store. You can choose between
coupons that offer $15 off your entire purchase or 25% off. Which will save you
more money? By how much?

7)

8) The sale price of a spring break vacation package was $209.99, and the travel
agent said by booking early, you saved $25. Find the percent decrease in price.

8)

9) The sale price of a spring break vacation package was $144.99, and the travel
agent said by booking early, you saved $25. Find the percent decrease in price.

9)

10) The sale price of a spring break vacation package was $209.99, and the travel
agent said by booking early, you saved $35. Find the percent decrease in price.

10)

1

11) You buy $107 in clothes at a department store. You can choose between
coupons that offer $15 off your entire purchase or 25% off. Which will save you
more money? By how much?

11)

12) According to a government agency, there were 106,600 chefs/head cooks
employed in the United States in 2010 and 330,600 food service managers.
Those numbers were projected to decrease to 105,300 and 310,600 by 2020.
Which job was facing the larger percent decrease? By how much?

12)

13) The sale price of a spring break vacation package was $194.99, and the travel
agent said by booking early, you saved $30. Find the percent decrease in price.

13)

14) According to a government agency, there were 108,600 chefs/head cooks
employed in the United States in 2010 and 332,600 food service managers.
Those numbers were projected to decrease to 107,000 and 316,600 by 2020.
Which job was facing the larger percent decrease? By how much?

14)

15) You buy $96 in clothes at a department store. You can choose between coupons
that offer $18 off your entire purchase or 25% off. Which will save you more
money? By how much?

15)

16) According to a government agency, there were 105,600 chefs/head cooks
employed in the United States in 2010 and 326,600 food service managers.
Those numbers were projected to decrease to 104,300 and 306,600 by 2020.
Which job was facing the larger percent decrease? By how much?

16)

17) According to a government agency, there were 103,600 chefs/head cooks
employed in the United States in 2010 and 322,600 food service managers.
Those numbers were projected to decrease to 102,100 and 304,600 by 2020.
Which job was facing the larger percent decrease? By how much?

17)

18) According to a government agency, there were 99,600 chefs/head cooks
employed in the United States in 2010 and 313,600 food service managers.
Those numbers were projected to decrease to 98,000 and 296,600 by 2020.
Which job was facing the larger percent decrease? By how much?

18)

19) According to a government agency, there were 100,600 chefs/head cooks
employed in the United States in 2010 and 329,600 food service managers.
Those numbers were projected to decrease to 99,400 and 315,600 by 2020.
Which job was facing the larger percent decrease? By how much?

19)

20) According to a government agency, there were 99,600 chefs/head cooks
employed in the United States in 2010 and 327,600 food service managers.
Those numbers were projected to decrease to 98,100 and 314,600 by 2020.
Which job was facing the larger percent decrease? By how much?

20)

2

21) According to a government agency, there were 98,600 chefs/head cooks
employed in the United States in 2010 and 322,600 food service managers.
Those numbers were projected to decrease to 97,500 and 304,600 by 2020.
Which job was facing the larger percent decrease? By how much?

21)

22) The sale price of a spring break vacation package was $184.99, and the travel
agent said by booking early, you saved $20. Find the percent decrease in price.

22)

23) You buy $113 in clothes at a department store. You can choose between
coupons that offer $20 off your entire purchase or 25% off. Which will save you
more money? By how much?

23)

24) You buy $131 in clothes at a department store. You can choose between
coupons that offer $20 off your entire purchase or 25% off. Which will save you
more money? By how much?

24)

25) According to a government agency, there were 101,600 chefs/head cooks
employed in the United States in 2010 and 329,600 food service managers.
Those numbers were projected to decrease to 100,100 and 313,600 by 2020.
Which job was facing the larger percent decrease? By how much?

25)

26) According to a government agency, there were 105,600 chefs/head cooks
employed in the United States in 2010 and 322,600 food service managers.
Those numbers were projected to decrease to 104,100 and 306,600 by 2020.
Which job was facing the larger percent decrease? By how much?

26)

27) You buy $121 in clothes at a department store. You can choose between
coupons that offer $20 off your entire purchase or 25% off. Which will save you
more money? By how much?

27)

28) You buy $134 in clothes at a department store. You can choose between
coupons that offer $16 off your entire purchase or 25% off. Which will save you
more money? By how much?

28)

29) You buy $133 in clothes at a department store. You can choose between
coupons that offer $18 off your entire purchase or 25% off. Which will save you
more money? By how much?

29)

30) You buy $124 in clothes at a department store. You can choose between
coupons that offer $19 off your entire purchase or 25% off. Which will save you
more money? By how much?

30)

31) The sale price of a spring break vacation package was $149.99, and the travel
agent said by booking early, you saved $35. Find the percent decrease in price.

31)

3

32) The sale price of a spring break vacation package was $174.99, and the travel
agent said by booking early, you saved $35. Find the percent decrease in price.

32)

33) The sale price of a spring break vacation package was $174.99, and the travel
agent said by booking early, you saved $20. Find the percent decrease in price.

33)

34) You buy $125 in clothes at a department store. You can choose between
coupons that offer $16 off your entire purchase or 25% off. Which will save you
more money? By how much?

34)

35) The sale price of a spring break vacation package was $184.99, and the travel
agent said by booking early, you saved $15. Find the percent decrease in price.

35)

36) You buy $100 in clothes at a department store. You can choose between
coupons that offer $19 off your entire purchase or 25% off. Which will save you
more money? By how much?

36)

4

5

Problem Set

1

Part

2

Do the problem associated with your assigned number.

Section 7-

5

of the text will have helpful information

1) Kelly purchased a toaster for $180. She made a down payment of 25% and
financed the rest for 12 months with payments of $17.58. Find (a) the down
payment and (b) the total installment price of the toaster.

1)

2) Kelly purchased a toaster for $1

4

0. She made a down payment of 15% and
financed the rest for 12 months with payments of $1

3

.42. Find (a) the down
payment and (b) the total installment price of the toaster.

2)

3) Harry had an unpaid balance of $1780.89 on his credit card statement at the
beginning of December. He made a payment of $255.00 during the month, and
made purchases of $3

6

9.82. If the interest rate on Harry’s credit card was 2.5%
per month on the unpaid balance, find his finance charge and the new balance
on January 1.

3)

4) Phil had an unpaid balance of $2390.56 on his credit card statement at the
beginning of December. He made a payment of $395.00 during the month, and
made purchases of $452.96. If the interest rate on Phil’s credit card was 4.5%
per month on the unpaid balance, find his finance charge and the new balance
on January 1.

4)

5) Kelly purchased a toaster for $150. She made a down payment of 15% and
financed the rest for 12 months with payments of $15.17. Find (a) the down
payment and (b) the total installment price of the toaster.

5)

6) Phil had an unpaid balance of $694.48 on his credit card statement at the
beginning of May. He made a payment of $180.00 during the month, and made
purchases of $49.52. If the interest rate on Phil’s credit card was 4% per month
on the unpaid balance, find his finance charge and the new balance on June 1.

6)

7) Kelly purchased a toaster for $200. She made a down payment of 20% and
financed the rest for 12 months with payments of $18.00. Find (a) the down
payment and (b) the total installment price of the toaster.

7)

8) Aaron had an unpaid balance of $1637.05 on his credit card statement at the
beginning of March. He made a payment of $150.00 during the month, and
made purchases of $368.28. If the interest rate on Aaron’s credit card was 2.5%
per month on the unpaid balance, find his finance charge and the new balance
on April 1.

8)

1

9) Kelly purchased a toaster for $170. She made a down payment of 25% and
financed the rest for 12 months with payments of $16.08. Find (a) the down
payment and (b) the total installment price of the toaster.

9)

10) Katie had an unpaid balance of $1905.88 on her credit card statement at the
beginning of June. She made a payment of $80.00 during the month, and made
purchases of $308.08. If the interest rate on Katie’s credit card was 17.5% per
month on the unpaid balance, find her finance charge and the new balance on
July 1.

10)

11) Phil had an unpaid balance of $2,084.50 on his credit card statement at the
beginning of December. He made a payment of $385.00 during the month. If
the interest rate on Phil’s credit card was 1.5% per month on the unpaid balance,
find the finance charge and the new balance on January 1.

11)

12) Katie had an unpaid balance of $883.92 on her credit card statement at the
beginning of May. She made a payment of $445.00 during the month, and
made purchases of $23.04. If the interest rate on Katie’s credit card was 20%
per month on the unpaid balance, find her finance charge and the new balance
on June 1.

12)

13) Kelly purchased a toaster for $150. She made a down payment of 15% and
financed the rest for 12 months with payments of $14.83. Find (a) the down
payment and (b) the total installment price of the toaster.

13)

14) Kelly purchased a toaster for $200. She made a down payment of 15% and
financed the rest for 6 months with payments of $36.50. Find (a) the down
payment and (b) the total installment price of the toaster.

14)

15) Amy had an unpaid balance of $1753.05 on her credit card statement at the
beginning of June. She made a payment of $300.00 during the month, and
made purchases of $365.39. If the interest rate on Amy’s credit card was 7%
per month on the unpaid balance, find her finance charge and the new balance
on July 1.

15)

16) Harry had an unpaid balance of $1612.47 on his credit card statement at the
beginning of March. He made a payment of $115.00 during the month, and
made purchases of $235.30. If the interest rate on Harry’s credit card was
11.5% per month on the unpaid balance, find his finance charge and the new
balance on April 1.

16)

17) Aaron had an unpaid balance of $637.24 on his credit card statement at the
beginning of March. He made a payment of $25.00 during the month, and
.made purchases of $375.44. If the interest rate on Aaron’s credit card was 12%
per month on the unpaid balance, find his finance charge and the new balance
on April 1.

17)

2

18) Kelly purchased a toaster for $165. She made a down payment of 15% and
financed the rest for 9 months with payments of $21.44. Find (a) the down
payment and (b) the total installment price of the toaster.

18)

19) Katie had an unpaid balance of $1337.05 on her credit card statement at the
beginning of June. She made a payment of $475.00 during the month, and
made purchases of $356.27. If the interest rate on Katie’s credit card was 7%
per month on the unpaid balance, find her finance charge and the new balance
on July 1.

19)

20) Kelly purchased a toaster for $100. She made a down payment of 20% and
financed the rest for 12 months with payments of $9.50. Find (a) the down
payment and (b) the total installment price of the toaster.

20)

21) Harry had an unpaid balance of $1797.89 on his credit card statement at the
beginning of September. He made a payment of $280.00 during the month, and
made purchases of $371.05. If the interest rate on Harry’s credit card was 3.5%
per month on the unpaid balance, find his finance charge and the new balance
on October 1.

21)

22) Kelly purchased a toaster for $170. She made a down payment of 25% and
financed the rest for 6 months with payments of $33.17. Find (a) the down
payment and (b) the total installment price of the toaster.

22)

23) Harry had an unpaid balance of $1998.56 on his credit card statement at the
beginning of July. He made a payment of $265.00 during the month, and made
purchases of $437.22. If the interest rate on Harry’s credit card was 14% per
month on the unpaid balance, find his finance charge and the new balance on
August 1.

23)

24) Aaron had an unpaid balance of $540.34 on his credit card statement at the
beginning of February. He made a payment of $475.00 during the month, and
made purchases of $394.94. If the interest rate on Aaron’s credit card was 11%
per month on the unpaid balance, find his finance charge and the new balance
on March 1.

24)

25) Kelly purchased a toaster for $115. She made a down payment of 20% and
financed the rest for 6 months with payments of $22.83. Find (a) the down
payment and (b) the total installment price of the toaster.

25)

26) Kelly purchased a toaster for $165. She made a down payment of 10% and
financed the rest for 12 months with payments of $15.83. Find (a) the down
payment and (b) the total installment price of the toaster.

26)

3

27) Kelly purchased a toaster for $105. She made a down payment of 20% and
financed the rest for 12 months with payments of $10.00. Find (a) the down
payment and (b) the total installment price of the toaster.

27)

28) Kelly purchased a toaster for $120. She made a down payment of 15% and
financed the rest for 6 months with payments of $23.67. Find (a) the down
payment and (b) the total installment price of the toaster.

28)

29) Janice had an unpaid balance of $2358.19 on her credit card statement at the
beginning of January. She made a payment of $80.00 during the month, and
made purchases of $99.50. If the interest rate on Janice’s credit card was 4%
per month on the unpaid balance, find her finance charge and the new balance
on February 1.

29)

30) Kelly purchased a toaster for $200. She made a down payment of 10% and
financed the rest for 12 months with payments of $18.83. Find (a) the down
payment and (b) the total installment price of the toaster.

30)

31) Kelly purchased a toaster for $110. She made a down payment of 25% and
financed the rest for 6 months with payments of $24.33. Find (a) the down
payment and (b) the total installment price of the toaster.

31)

32) Harry had an unpaid balance of $2481.23 on his credit card statement at the
beginning of April. He made a payment of $155.00 during the month, and
made purchases of $33.92. If the interest rate on Harry’s credit card was 17%
per month on the unpaid balance, find his finance charge and the new balance
on May 1.

32)

33) Amy had an unpaid balance of $1622.11 on her credit card statement at the
beginning of June. She made a payment of $395.00 during the month, and
made purchases of $50.68. If the interest rate on Amy’s credit card was 4% per
month on the unpaid balance, find her finance charge and the new balance on
July 1.

33)

34) Janice had an unpaid balance of $1877.01 on her credit card statement at the
beginning of November. She made a payment of $165.00 during the month,
and made purchases of $121.97. If the interest rate on Janice’s credit card was
2.5% per month on the unpaid balance, find her finance charge and the new
balance on December 1.

34)

35) Kelly purchased a toaster for $105. She made a down payment of 15% and
financed the rest for 6 months with payments of $21.50. Find (a) the down
payment and (b) the total installment price of the toaster.

35)

4

36) Kelly purchased a toaster for $105. She made a down payment of 15% and
financed the rest for 12 months with payments of $10.50. Find (a) the down
payment and (b) the total installment price of the toaster.

36)

5

6

Problem Set

1

Part

3

Do the problem corresponding to your assigned number.

Section

7

–

5

of the text will have helpful information

1) A credit card statement showed these transactions during October.
October 1 Previous balance $

2

3

8

.30
October 2 Purchases $

6

2.17
October 30 Payment $185.00

The credit card has an interest rate of 6% on the average daily balance. Find the
average daily balance, the finance charge for the month, and the new balance on
November 1. [Hint: Remember that October has 31 days.]

1)

2) A credit card statement showed these transactions during October.
October 1 Previous balance $257.28
October 12 Purchases $79.55
October 29 Payment $55.00

The credit card has an interest rate of

4

.5% on the average daily balance. Find
the average daily balance, the finance charge for the month, and the new
balance on November 1. [Hint: Remember that October has 31 days.]

2)

3) A credit card statement showed these transactions during October.
October 1 Previous balance $413.98
October 15 Purchases $81.45
October 25 Payment $50.00

The credit card has an interest rate of 4% on the average daily balance. Find the
average daily balance, the finance charge for the month, and the new balance on
November 1. [Hint: Remember that October has 31 days.]

3)

4) A credit card statement showed these transactions during October.
October 1 Previous balance $348.34
October 2 Purchases $71.04
October 29 Payment $165.00

The credit card has an interest rate of 13% on the average daily balance. Find
the average daily balance, the finance charge for the month, and the new
balance on November 1. [Hint: Remember that October has 31 days.]

4)

5) A credit card statement showed these transactions during October.
October 1 Previous balance $221.34
October 4 Purchases $27.98
October 18 Payment $120.00

The credit card has an interest rate of 19% on the average daily balance. Find
the average daily balance, the finance charge for the month, and the new
balance on November 1. [Hint: Remember that October has 31 days.]

5)

1

6) A credit card statement showed these transactions during October.
October 1 Previous balance $422.06
October 6 Purchases $51.31
October 16 Payment $190.00

The credit card has an interest rate of 13.5% on the average daily balance. Find
the average daily balance, the finance charge for the month, and the new
balance on November 1. [Hint: Remember that October has 31 days.]

6)

7) A credit card statement showed these transactions during October.
October 1 Previous balance $332.06
October 7 Purchases $86.98
October 16 Payment $150.00

The credit card has an interest rate of 11.5% on the average daily balance. Find
the average daily balance, the finance charge for the month, and the new
balance on November 1. [Hint: Remember that October has 31 days.]

7)

8) A credit card statement showed these transactions during October.
October 1 Previous balance $292.47
October 8 Purchases $62.17
October 26 Payment $185.00

The credit card has an interest rate of 4.5% on the average daily balance. Find
the average daily balance, the finance charge for the month, and the new
balance on November 1. [Hint: Remember that October has 31 days.]

8)

9) A credit card statement showed these transactions during October.
October 1 Previous balance $116.12
October 11 Purchases $84.85
October 22 Payment $95.00

The credit card has an interest rate of 2.5% on the average daily balance. Find
the average daily balance, the finance charge for the month, and the new
balance on November 1. [Hint: Remember that October has 31 days.]

9)

10) A credit card statement showed these transactions during October.
October 1 Previous balance $320.32
October 2 Purchases $48.67
October 19 Payment $170.00

The credit card has an interest rate of 17.5% on the average daily balance. Find
the average daily balance, the finance charge for the month, and the new
balance on November 1. [Hint: Remember that October has 31 days.]

10)

2

11) A credit card statement showed these transactions during October.
October 1 Previous balance $342.73
October 15 Purchases $60.13
October 19 Payment $155.00

The credit card has an interest rate of 17.5% on the average daily balance. Find
the average daily balance, the finance charge for the month, and the new
balance on November 1. [Hint: Remember that October has 31 days.]

11)

12) A credit card statement showed these transactions during October.
October 1 Previous balance $494.07
October 13 Purchases $22.69
October 20 Payment $80.00

The credit card has an interest rate of 4.5% on the average daily balance. Find
the average daily balance, the finance charge for the month, and the new
balance on November 1. [Hint: Remember that October has 31 days.]

12)

13) A credit card statement showed these transactions during October.
October 1 Previous balance $141.74
October 5 Purchases $69.22
October 22 Payment $190.00

The credit card has an interest rate of 2.5% on the average daily balance. Find
the average daily balance, the finance charge for the month, and the new
balance on November 1. [Hint: Remember that October has 31 days.]

13)

14) A credit card statement showed these transactions during October.
October 1 Previous balance $364.12
October 4 Purchases $23.00
October 17 Payment $155.00

The credit card has an interest rate of 11.5% on the average daily balance. Find
the average daily balance, the finance charge for the month, and the new
balance on November 1. [Hint: Remember that October has 31 days.]

14)

15) A credit card statement showed these transactions during October.
October 1 Previous balance $303.23
October 3 Purchases $79.64
October 26 Payment $75.00

The credit card has an interest rate of 11% on the average daily balance. Find
the average daily balance, the finance charge for the month, and the new
balance on November 1. [Hint: Remember that October has 31 days.]

15)

3

16) A credit card statement showed these transactions during October.
October 1 Previous balance $209.87
October 9 Purchases $20.26
October 29 Payment $110.00

The credit card has an interest rate of 8% on the average daily balance. Find the
average daily balance, the finance charge for the month, and the new balance on
November 1. [Hint: Remember that October has 31 days.]

16)

17) A credit card statement showed these transactions during October.
October 1 Previous balance $415.47
October 7 Purchases $96.42
October 16 Payment $110.00

The credit card has an interest rate of 12.5% on the average daily balance. Find
the average daily balance, the finance charge for the month, and the new
balance on November 1. [Hint: Remember that October has 31 days.]

17)

18) A credit card statement showed these transactions during October.
October 1 Previous balance $458.83
October 6 Purchases $85.63
October 17 Payment $130.00

The credit card has an interest rate of 4% on the average daily balance. Find the
average daily balance, the finance charge for the month, and the new balance on
November 1. [Hint: Remember that October has 31 days.]

18)

19) Ellen has maxed out her credit card at $11,500 and vows not to make any other
credit card purchases. Her credit card company charges 1.23% interest per
month, and the minimum monthly payment is all interest due plus 4% of the
principal balance. How much of the balance can Ellen pay down if she pays the
minimum payment only for 4 months?

19)

20) Ellen has maxed out her credit card at $12,500 and vows not to make any other
credit card purchases. Her credit card company charges 1.23% interest per
month, and the minimum monthly payment is all interest due plus 2% of the
principal balance. How much of the balance can Ellen pay down if she pays the
minimum payment only for 4 months?

20)

21) Ellen has maxed out her credit card at $13,500 and vows not to make any other
credit card purchases. Her credit card company charges 1.21% interest per
month, and the minimum monthly payment is all interest due plus 3% of the
principal balance. How much of the balance can Ellen pay down if she pays the
minimum payment only for 4 months?

21)

4

22) Ellen has maxed out her credit card at $12,500 and vows not to make any other
credit card purchases. Her credit card company charges 1.25% interest per
month, and the minimum monthly payment is all interest due plus 4% of the
principal balance. How much of the balance can Ellen pay down if she pays the
minimum payment only for 4 months?

22)

23) Ellen has maxed out her credit card at $13,500 and vows not to make any other
credit card purchases. Her credit card company charges 1.24% interest per
month, and the minimum monthly payment is all interest due plus 3% of the
principal balance. How much of the balance can Ellen pay down if she pays the
minimum payment only for 4 months?

23)

24) Ellen has maxed out her credit card at $12,500 and vows not to make any other
credit card purchases. Her credit card company charges 1.24% interest per
month, and the minimum monthly payment is all interest due plus 2% of the
principal balance. How much of the balance can Ellen pay down if she pays the
minimum payment only for 4 months?

24)

25) Ellen has maxed out her credit card at $14,500 and vows not to make any other
credit card purchases. Her credit card company charges 1.25% interest per
month, and the minimum monthly payment is all interest due plus 3% of the
principal balance. How much of the balance can Ellen pay down if she pays the
minimum payment only for 4 months?

25)

26) Ellen has maxed out her credit card at $14,500 and vows not to make any other
credit card purchases. Her credit card company charges 1.24% interest per
month, and the minimum monthly payment is all interest due plus 4% of the
principal balance. How much of the balance can Ellen pay down if she pays the
minimum payment only for 4 months?

26)

27) Ellen has maxed out her credit card at $13,500 and vows not to make any other
credit card purchases. Her credit card company charges 1.26% interest per
month, and the minimum monthly payment is all interest due plus 4% of the
principal balance. How much of the balance can Ellen pay down if she pays the
minimum payment only for 4 months?

27)

28) Ellen has maxed out her credit card at $13,500 and vows not to make any other
credit card purchases. Her credit card company charges 1.21% interest per
month, and the minimum monthly payment is all interest due plus 4% of the
principal balance. How much of the balance can Ellen pay down if she pays the
minimum payment only for 4 months?

28)

5

29) Ellen has maxed out her credit card at $14,500 and vows not to make any other
credit card purchases. Her credit card company charges 1.22% interest per
month, and the minimum monthly payment is all interest due plus 4% of the
principal balance. How much of the balance can Ellen pay down if she pays the
minimum payment only for 4 months?

29)

30) Ellen has maxed out her credit card at $11,500 and vows not to make any other
credit card purchases. Her credit card company charges 1.25% interest per
month, and the minimum monthly payment is all interest due plus 4% of the
principal balance. How much of the balance can Ellen pay down if she pays the
minimum payment only for 4 months?

30)

31) Ellen has maxed out her credit card at $11,500 and vows not to make any other
credit card purchases. Her credit card company charges 1.21% interest per
month, and the minimum monthly payment is all interest due plus 3% of the
principal balance. How much of the balance can Ellen pay down if she pays the
minimum payment only for 4 months?

31)

32) Ellen has maxed out her credit card at $11,500 and vows not to make any other
credit card purchases. Her credit card company charges 1.24% interest per
month, and the minimum monthly payment is all interest due plus 3% of the
principal balance. How much of the balance can Ellen pay down if she pays the
minimum payment only for 4 months?

32)

33) Ellen has maxed out her credit card at $14,500 and vows not to make any other
credit card purchases. Her credit card company charges 1.24% interest per
month, and the minimum monthly payment is all interest due plus 3% of the
principal balance. How much of the balance can Ellen pay down if she pays the
minimum payment only for 4 months?

33)

34) Ellen has maxed out her credit card at $12,500 and vows not to make any other
credit card purchases. Her credit card company charges 1.23% interest per
month, and the minimum monthly payment is all interest due plus 4% of the
principal balance. How much of the balance can Ellen pay down if she pays the
minimum payment only for 4 months?

34)

35) Ellen has maxed out her credit card at $12,500 and vows not to make any other
credit card purchases. Her credit card company charges 1.22% interest per
month, and the minimum monthly payment is all interest due plus 2% of the
principal balance. How much of the balance can Ellen pay down if she pays the
minimum payment only for 4 months?

35)

6

36) Ellen has maxed out her credit card at $11,500 and vows not to make any other
credit card purchases. Her credit card company charges 1.22% interest per
month, and the minimum monthly payment is all interest due plus 4% of the
principal balance. How much of the balance can Ellen pay down if she pays the
minimum payment only for 4 months?

36)

7

8

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