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Thepotemich [5.8K]
2 years ago
11

A person owes $1000 on a credit card that charges an interest rate of 2% per month

Mathematics
1 answer:
adelina 88 [10]2 years ago
3 0

Credit card balance each month:

First month: 1020 .00

Second month: 1040.4 0

Third month: 1061,208

Fourth month: 1082.43

Here we have to calculate the interest and add it to capital.

That is, 2% of 1000

First month:

    Interest = 1000 (2/100)

    Odds1 = 1020

Second month

Capital 1020

    Interest = 1020 x 0.02 = 20.4

    Odds2 = 1040.4

Third month

Capital = 1040.4

    Interest = 1040.4 x 0.02 = 20.808

    Odds3 = 1061,208

Fourth month

Capital = 1061,208

   Interest = 1061.208 x 0.02 = 21.22

   Odds = 1082.43

Therefore the credit card balance each month:

First month: 1020 .00

Second month: 1040.4 0

Third month: 1061,208

Fourth month: 1082.43

Learn more about credit card balance here: brainly.com/question/17604713

#SPJ4

The question is incomplete. Completed question is given below:

A person owes $1000 on a credit card that charges an interest rate of 2% per month. Complete this table showing the credit card balance each month if they do not make any payments. Month total bill in dollars11,00021,02031,040.40

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\sf{2 \times [ 34 - 5 \times (3 + 1) ] }

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\dashrightarrow{ \sf{2 \times [ 34 - 5 \times 4 ] }}

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Hope I helped!

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The inference is that the person will tell the friend that he did manifest coding and he should have recorded the base.

<h3>What is an inference?</h3>

The options are:

He did manifest coding.

He did latent coding.

He should have recorded the base.

He did manifest coding and he should have recorded the base.

It should be noted that an inference simply means the conclusion that can be deduced based on the information given.

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