1. Brad spent $1,200 on a credit card this
1 answer:
Answer:
<u>about 3 years</u>
Step-by-step explanation:
Using the compound interest formula;
A = P(1+r)^t
Given
Amount A == $2400
Principal P = $1200
rate = 24.77% = 0.2477
Substitute the given values
2400 = 1200(1+0.2477)^t
2400/1200 = (1+0.2477)^t
2 = (1+0.2477)^t
ln 2 = tln1.2477
t = ln2/ln1.2477
t = 3.13
Hence it will take <u>about 3 years</u> until Brad owes the credit card company $2,400
You might be interested in
Answer:
5x + 45
Step-by-step explanation:
distribute 5 to both x and 9 so multiply them both
Answer:
Evaluate:
-
- 
Factor:

Step-by-step explanation:
Answer:
15.1
Step-by-step explanation:
14.8=n-.3
you'd add .3 to other side so it'd be 15.1
Replace u,x and y withyour values
u+xy=2+9*6=2+54=56