Moses transferred a balance of $1950 to a new credit card at the beginning of the year. The card offered an introductory APR of
2.7% for the first 2 months and a standard APR of 23.4% thereafter. If the card compounds interest monthly, which of these expressions represents Moses's balance at the end of the year? (Assume that Moses will make no payments or new purchases during the year, and ignore any possible late payment fees.)
2 answers:
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Step-by-step explanation:
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Answer:
Step-by-step explanation:
Given the expression
Follow the PEMDAS order of operations
calculate within parentheses
calculate exponents
Multiply and divide (left to right)
Add and subtract (left to right)
Thus,