Can someone translate it?: What's the fastest animal in the world?
Answer (2)
The fastest animal in the world depends on the category: the peregrine falcon is the fastest in the air, reaching speeds of up to 240 mph in a dive. The cheetah is the fastest on land, running at speeds between 60-70 mph. In the water, the black marlin is a notable fast swimmer at 82 mph.
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The interest for month 8 will be charged on the balance at the end of month 7.
Find the balance at the end of month 7 in the table.
The balance at the end of month 7 is $488.43.
Therefore, Gabriella will be charged interest on $488.43 for month 8.
Explanation
Understanding the Question The question asks on what amount of money will Gabriella be charged interest for month 8. Looking at the table, the 'Previous Balance' for month 8 would be the 'New Balance' at the end of month 7.
Finding the Balance From the table, the 'New Balance' at the end of month 7 is $488.43. Therefore, Gabriella will be charged interest on $488.43 for month 8.
Final Answer The amount of money on which Gabriella will be charged interest for month 8 is $488.43 .
Examples
Understanding credit card statements is crucial for managing personal finances. This problem demonstrates how interest is calculated on the outstanding balance. In real life, knowing this helps you minimize interest charges by making timely payments and keeping your balance low. For example, if Gabriella understands that her interest for month 8 will be charged on the $488.43 balance, she might choose to pay off a larger portion of her balance to reduce the interest charges in the following month. This knowledge empowers her to make informed financial decisions.
