What is tan 60? A. v3 B. v3/2 C. 1/2 D. 1/v3 E. 2/v3 F. 1
2 answers:
You might be interested in
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.