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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.)
 10 months ago
 10 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.)
 10 months ago
 10 months ago

This Question is Closed

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

RaphaelFilgueiras Group TitleBest ResponseYou've already chosen the best response.0
P= 1000 and n = 12
 10 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?
 10 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.
 10 months ago
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