Answer:
$2070.14
Step-by-step explanation:
Credit card terms vary, as do methods of computing interest and new balance. Here, we'll assume that no payment has been made (<em>in violation of the terms of the credit card</em>), and that the finance charge is only applied to the previous balance.
The finance charge is ...
$1853.68 × 0.249 ÷ 12 = $38.46 . . . . . . . the monthly rate is 0.249÷12
Then the new balance will be the sum of the previous balance, finance charge, and new transaction(s):
$1853.68 +38.46 + 178.00 = $2070.14
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<em>Comment on lack of payment</em>
Because no payment has been made, there may also be a late-payment charge added to the balance.
I think it wants you to multiply the numbers.
329×2=658
658×4=2632
Final Answer=2632
Answer:
ok? what am i supposed to do
Step-by-step explanation:
Answer:
It will take about 7.3 years for his money to triple.
Step-by-step explanation:
Identify the variables in the formula.
A = 150,000
P = 50,000
r = 0.15
t = ?
A = Pe^rt
Substitute the values into the formula.
150,000 = 50,000e^0.15*t
Solve for t. Divide each side by 50,000.
3 = e^0.15*t
Take the natural log of each side.
ln 3 = ln e^0.15*t
Use the power property and then simplify.
ln 3 = 0.15*t ln e
ln 3 = 0.15-t
Divide each side by 0.15.
(ln 3)
/(0.15) = t
Approximate the answer.
t ≈ 7.3
