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 11 months ago
For a certain credit card, the total amount, A ,that a customer owes is given by the following formula. In the formula, P is the starting balance and n is the number of months of debt, assuming interest is compounded monthly. Suppose you begin with a credit card debt of $1000. After one year, you will owe $ _______. (Round your answer to the nearest cent and enter only the number.)
 11 months ago
For a certain credit card, the total amount, A ,that a customer owes is given by the following formula. In the formula, P is the starting balance and n is the number of months of debt, assuming interest is compounded monthly. Suppose you begin with a credit card debt of $1000. After one year, you will owe $ _______. (Round your answer to the nearest cent and enter only the number.)

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RaphaelFilgueiras
 11 months ago
Best ResponseYou've already chosen the best response.0P= 1000 and n = 12

kayluh123
 11 months ago
Best ResponseYou've already chosen the best response.0so would I do 1000 multiplyed by 1.015 multiplyed by 12?

douglaswinslowcooper
 11 months ago
Best ResponseYou've already chosen the best response.0a^n means a to the nth power: a a a a...a n times.
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