Help me please !
Barbara opened a store credit card to purchase a game console for $396. She put the entire purchase on the credit card. Her APR is 24.99% and the minimum payment is 5%. Assuming she makes only minimum payments, what is the remaining balance on her card after 3 months?
Stacey Warren - Expert brainly.com
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hello \( NaOH + HCl - H_20 \)
since the payment is 5% of the Balance
thats easy ... 1 - .05 = .85 when you dont know how to subtract ....
i worked out the recurrsion above in terms of balance and .05 minimum payment
the new balance part of a bill is:
old balance, times (1+apr/12)
we subtract a minimum payment of .05 from it
old balance, times (1+apr/12); minus old balance, times (1+apr/12), times .05
idk how you get .85
i know its .95 .... seeing how i am a human being, i tend to miscalculate some simple process. how did i get 1-.05 = .85? its either a typo since 9 and 8 are very close on the keyboard .... or a simply did the subtraction wrong in my head.
the important thing is: a correction is made and we can move on towards a suitable solution