ashneedshelp96 ashneedshelp96

03-03-2021
Mathematics

contestada

A man owes $5000 on his credit card. The APR is 20%. If he doesn’t repay any of the debt, how much will he owe after 4 years.

Respuesta :

abassconteh1999 abassconteh1999

03-03-2021

D=p(1+r/100)n
Where d is the debt, p is the principle, r is the rate percent, and n is the number of years.
Substitute the given value in the formula
D=5000 (1+20/100)4
D=$10,368

Answer Link

Otras preguntas

Jamaal buys his clothes at Super Discounts. On Saturday, he bought shoes regularly priced at $40 for 25% off, and a jacket regularly priced at $100 for 30% off.

You work at a clothing store, and your boss wants you to find out which type of shirt had the highest percentage of sales. You found that 13 out of 20 tank tops

The cost of 5 similar digital cameras and 3 similar video cameras is 3213. Each video camera costs 4 times as much as each digital camera. John buys a digital c

The distance from home plate to second base is about 127.3 ft. 1. How would you find the distance between the bases.2. Estimate the distance between the base

Jamaal buys his clothes at Super Discounts. On Saturday, he bought shoes regularly priced at $40 for 25% off, and a jacket regularly priced at $100 for 30% off.

You work at a clothing store, and your boss wants you to find out which type of shirt had the highest percentage of sales. You found that 13 out of 20 tank tops

Can water and pebbles form a solution?

You bought a car for $25,000. You have owned it for one year, and it is now worth $21,000. What is the percent decrease in your car's value?16%19%84%119%

How did machines speed up textile manufacturing

What is 689 divided by 53