Answer: A $2000
Step-by-step explanation:
Interest = prt / 100
= 5000 x .08 x 5
= 2000
Answer:
$1545.65.
Step-by-step explanation:
We have been given that Victor has a credit card with an APR of 13.66%, compounded monthly. He currently owes a balance of $1,349.34.
To solve our given problem we will use compound interest formula.
, where,
A = Final amount after t years,
P = Principal amount,
r = Interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.
Let us convert our given interest rate in decimal form. 
Upon substituting our given values in compound interest formula we will get,




≈ $
Therefore, Victor will owe an amount of $1545.65 after one year.
No it is not, there is no common difference. <span />
112
/ \
2 56
/ \
2 28
/ \
2 14
/ \
2 7
So, the answer is 2 x 2 x 2 x 7 or 2^3 x 7