Answer:
O No
Explanation:
Given equation: y = 13x + 12
To check if (2, 8) is a solution of the given equation.
Substitute x and y value in equation and check if it is true.
(x, y) = (2, 8)
simplify
This following statement is false and hence (2, 8) is not a solution.
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.