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

There were 13 original states. Name three.
True or False? The segments below could form a triangle. A________C is 9 C_____B is 4 B_______________A is 15
Name one state that borders Mexico.
What does the judicial branch do?
Convert 7.0055 into a mixed number in simplest form?
Which statement describes a reversible reaction at equilibrium? (1) The activation energy of the forward reaction must equal the activation energy of the revers
Given the balanced ionic equation: 3Pb2+ + 2Cr ==> 3Pb + 2Cr3+ What is the number of moles of electrons gained by 3.0 moles of lead ions? (1) 5.0 mol (3)
Given the balanced equation representing reaction: N2 + energy ==> N + N Which statement describes this reaction? ( I) Bonds are broken, and the reaction is
What is freedom of religion?
Who is the Commander in Chief of the military?