Tom’s unpaid credit card balance is $2292.64. His APR is 15.6%. What is his new balance if he made One new transaction for $138? $2460.44
$2462.52
$2546.56
$2620.44

more detail

step-by-step explanation:

explanation:

remove parenthesis:

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apply rule

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multiply fractions:

=

=

divide:

=

mordancy.

answer:   2 multiplied by x =24

step-by-step explanation:

(a) {a₁, a₁r, a₁r², … a₁rⁿ⁻¹, …}

(b) $59 398

step-by-step explanation:

(a) the annual sequence of profits

aₙ = a₁rⁿ⁻¹

the model for the sequence of profits is {a₁, a₁r, a₁r², … a₁rⁿ⁻¹, …} .

(b) profit after 15 yr

  a₁ = $ 30 000

  r = 1.05

a₁₅ = 30 000 × 1.05¹⁴

a₁₅ = 30 000 × 1.979 93

a₁₅ = $59 398

the profit in year 15 will be $59 398.