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

Write the function for the function graphed above. g(x)=?

Savings Account Calculations Mitch deposits $1,300 in an account that pays 2.5% simple interest. He keeps the money in the account for 4 years without any depo

how do you calculate the excessive or limitations of an element during a chemical reaction

how to summarize a text

Which is the correct Lewis structure for the carbonate anion, CO32-? Note, carbon has four valence elctrons and oxygen has six valence electrons.

The product of any number and zero is zero???

Which of the following was an EFFECT of Harriet head injury.

Give 5 Quotes about taking care of Mother Earth

what percentage is 8 times more

Can someone please help me with this question please