Hope this helps you!!!!!!!!!!
Answer:
B. $257.33
Step-by-step explanation:
Interest will be charged on the New Balance after the Month 7 payment, $257.33.
Answer:
The square root of this is 80047
Step-by-step explanation:
wait i dont know why it wont let me comment or see comments but wheres the picture?
Formula for amount for compound interest:
Amount, A = P(1 + r/100)^n
Where r is rate, P is principal, and n is the number of years.
P = 2000, r = 5, n = t years.
A = 2000( 1 + 5/100)^t
A = 200(1+0.05)^t
A = 2000(1.05)^t
A(t) = 2000(1.05)^t
