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

Mole, a rich chili pepper sauce, originated in which country?.
5x - 8 < x + 10 solve for x
Write a Comparative Writing on Summer vs Winter
How have our country’s major documents influenced the way our government functions?
Identify the following sequences as linear, exponential, or other. For the linear and exponential, identify the rate of change and whether it is a constant that
help me plssssssssssssss
someone explain the golden age of islam, its Politics. if your own few words
Which of these factors may affect a person's blood alcohol concentration?
Where does the old spanish national historic trail begin and end.
the shop man struggg gripped me. I stood petrified and staring. A big greyish rounded bulk, the size, perhaps, of a bear, was rising slowly and painfully out of