You have a credit card with a balance of $2,856.74 at a 14.75% APR. You decide to put $629.63/month toward reducing your debt. H
2 answers:
Answer:
Interest save in 1 full month=$7.74
Step-by-step explanation:
In this question we have given
credit card balance,P = $2,856.74
rate,R=14.75%
monthly installment,n=$629.63
Therefore, Interest save in 1 full month=.............(1)
put values of n and R in equation (1)
Interest save in 1 full month=$7.74
You might be interested in
Answer:
Look at the image.
Step-by-step explanation:
Hey there!
This equation is in standard form, which is .
We are going to solve this with the quadratic equation, so we need to find the values for a, b, and c in the given equation. We can just look at it and identify the variables.
a = 3, b = 1, c = -5
Let's plug these values into the quadratic equation:
Multiply 4(3)(-5) together and multiply 2(3). Square 1.
Add 1 and 60.
This is our answer in exact form. If you need this as an approximate value, let me know and I will do that for you.
Hope this helps!