Credit card balance each month:
First month: 1020 .00
Second month: 1040.4 0
Third month: 1061,208
Fourth month: 1082.43
Here we have to calculate the interest and add it to capital.
That is, 2% of 1000
First month:
Interest = 1000 (2/100)
Odds1 = 1020
Second month
Capital 1020
Interest = 1020 x 0.02 = 20.4
Odds2 = 1040.4
Third month
Capital = 1040.4
Interest = 1040.4 x 0.02 = 20.808
Odds3 = 1061,208
Fourth month
Capital = 1061,208
Interest = 1061.208 x 0.02 = 21.22
Odds = 1082.43
Therefore the credit card balance each month:
First month: 1020 .00
Second month: 1040.4 0
Third month: 1061,208
Fourth month: 1082.43
Learn more about credit card balance here: brainly.com/question/17604713
#SPJ4
The question is incomplete. Completed question is given below:
A person owes $1000 on a credit card that charges an interest rate of 2% per month. Complete this table showing the credit card balance each month if they do not make any payments. Month total bill in dollars11,00021,02031,040.40
Answer:
11%
Step-by-step explanation:
A sales tax is placed on goods and services once the buyer and seller agree on what the exchange of currency is.
In this case you take the tax on the 1625 and not the 1803.75.
The buyer agreed to buy the item for 1625 and the seller agreed to sell it for that amount. So the tax goes on 1625.
Tax amount = total price - selling price
Tax amount = 1803.75 - 1625
Tax amount = 178.75
That's not what you want. You want the % of the tax.
% Tax = (Tax Amount / Selling Price) * 100
% Tax = (178.75 / 1625) * 100
% Tax = 0.11 * 100
% Tax = 11% Answer
Answer:
A = $10,441.68
A = P + I where
P (principal) = $10,400.00
I (interest) = $41.68
Step-by-step explanation:
First, convert R as a percent to r as a decimal
r = R/100
r = 0.02/100
r = 0.0002 rate per year,
Then solve the equation for A
A = P(1 + r/n)nt
A = 10,400.00(1 + 0.0002/2)(2)(20)
A = 10,400.00(1 + 0.0001)(40)
A = $10,441.68
Summary:
The total amount accrued, principal plus interest, with compound interest on a principal of $10,400.00 at a rate of 0.02% per year compounded 2 times per year over 20 years is $10,441.68.
2000 × 15% = 300
300 × 5 = 1500
2000 - 1500 = 500 population after 5 years
Answer:
18
Step-by-step explanation:
