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kayluh123
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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.)
 7 months ago
 7 months ago
kayluh123 Group Title
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.)
 7 months ago
 7 months ago

This Question is Closed

kayluh123 Group TitleBest ResponseYou've already chosen the best response.0
A=P(1.015)^n
 7 months ago

RaphaelFilgueiras Group TitleBest ResponseYou've already chosen the best response.0
P= 1000 and n = 12
 7 months ago

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

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