Question

Felipe transferred a balance of $3700 to a new credit...​

Answer 1

Answer:

(3700)(1+.059/12)^4(1+.172/12)^8 is the corect answer -Apex

Step-by-step explanation:

Answer 2

Answer:

Option C is correct.

Step-by-step explanation:

Felipe transferred a balance of $3700 to a new credit.

The card had an introductory offer of 5.9% APR for the first 4 months and after that 17.2 % APR.

The card compounds interest monthly, that gives n = 12

So, the equation that represents Felipe's balance at the end of the year will be:

$p(1+\frac{r}{n})^{a}\times (1+\frac{r}{n})^{b}$

Here a is the introductory rate number of months that is 4

And b is the rest of the standard months that is 8

So, the expression becomes:

$3700(1+\frac{0.059}{12})^{4}\times (1+\frac{0.172}{12})^{8}$