ashneedshelp96 ashneedshelp96

03-03-2021
Mathematics

contestada

A man owes $5000 on his credit card. The APR is 20%. If he doesn’t repay any of the debt, how much will he owe after 4 years.

Respuesta :

abassconteh1999 abassconteh1999

03-03-2021

D=p(1+r/100)n
Where d is the debt, p is the principle, r is the rate percent, and n is the number of years.
Substitute the given value in the formula
D=5000 (1+20/100)4
D=$10,368

Answer Link

Otras preguntas

Lucy is pulling weeds out of her garden. The garden starts with 3 weeds, but each time Lucy pulls 1 weed, 3 more weeds grow in its place! How many weeds will be

Find the closed formula

number line shows the solution to: -11x - 14 < 8?

4x^4 - 18x^3 - 10x^2 solve using box method pls a = b = c = gcf = 2

Determine the real root(s), if any,of the quadratic function shown below

name the continent in which Amazon Basin is located a. south Africa b. south America c.north Africa d. none of these

división de 1322÷29.

According to the theory of plate tectonics, what drives the motion of the continents?

Suppose that the average consumer has $300, shoes are $60 and concert tickets are $30 If this person is buying 1 pair of shoes and 8 concert tickets, they can i

Mary has a coupon for $10 off video games. The table shows the relationship between the price of a video game in dollars (p) and the price Mary would actually p