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irinina [24]
3 years ago
17

Jason has a credit card that charges 2% interest on unpaid balances each month. He spent $300, but only makes the minimum paymen

t of $30 a month when the bill is due. What is the balance on his credit card account after making his payment at the end of the fourth month? $201.08 $196.55 $226.55 $231.08
Advanced Placement (AP)
2 answers:
kolezko [41]3 years ago
7 0
$201.08 is the correct answer.
LekaFEV [45]3 years ago
5 0
The answer is $201.08
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Answer:

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Explanation:

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Answer:

x = 9/25, y = 7/25, z = 4/25

Explanation:

step 1: solve for y in first equation to use substitution

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then just plug in x into the third equation to solve for z, followed by plugging it into the first equation to solve for y. you should end with y = 7/25 and z = 4/25

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