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
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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
