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

list the six enternal parts or peripherals of a computer system and identify which are output and which are input devices?
2x-y=-63x-4y=-4Solve using elimination and then substitution
How do I change 36 to 360
Which cell part converts food into energy that is usable by a cell?
what is £42 increased by 10%
A spinner is divided into 16 sections.3 sections are red 6 are blue 5 are purple and 2 are orange. If you spin the spinner what is the probability that you will
Give 5 natural examples of unbalanced forces around us. Other than friction.
what are ten facts about Henry Morgan
The cost for n students to attend a workshop is 7n+12 dollars. What is the cost,in dollars for  students to attend?
What factors add to get -18 and multiply to get 75?