jacque7jajbianKit jacque7jajbianKit

25-03-2017
Mathematics

contestada

Lenny has a remaining balance on his credit card of $3,000. His credit card has an APR of 20 percent. How much will he pay in interest in one month?
$50.20
$600
$50.00
$6.00

Respuesta :

Aliwohaish12 Aliwohaish12

25-03-2017

A=p(1+i/m)^mn
P=3000
i=0.20
M=12
n=1/12
A=3,000×(1+0.20÷12)^(12*1/12)
=3,050
Interest earned=3050-3000=50

Answer Link

Otras preguntas

Juan is thinking of two numbers. He says that 3 times the first number minus the second number is 118. In addition, two times the first number plus the second n

What particles make up the nucleus of an atom?

Find the slope of the ski run that descends 15 feet for every horizontal change of 24 feet

What are the unit rates for 4/8 , 5/25, 36/6, 14/21, 18/30, 28/16, 56/35, 45/108, 12/42, 39/26

Find the slope of the ski run that descends 15 feet for every horizontal change of 24 feet

factor: 6x+36= how do I solve this problem

the perimeter of a rectangle is 120 meters. If the length of the rectangle is 20 meters more than the width, what are the dimensions of the rectangle.

-2n-h(4rx-6s)-3rx+3s i need help doing this problem

Juan is thinking of two numbers. He says that 3 times the first number minus the second number is 118. In addition, two times the first number plus the second n

-2n-h(4rx-6s)-3rx+3s i need help doing this problem