Ask Question
15 August, 10:49

Rena transferred a balance of $2150 to a new credit card at the beginning of

the year. The card offered an introductory APR of 5.9% for the first 3 months

and a standard APR of 30.2% thereafter. If the card compounds interest

monthly, which of these expressions represents Rena's balance at the end of

the year? (Assume that Rena will make no payments or new purchases during

the year, and ignore any possible late payment fees.)

+4
Answers (2)
  1. 15 August, 11:01
    0
    Answer:I think is

    ($2150) (1 + 0.059/12) ^3 (1 + 0.302/12) ^9
  2. 15 August, 11:18
    0
    Answer: 8374.25

    Step-by-step explanation: if you where to be adding everything then that should be your answer by taking the percentage of 5.9 from 2150 and times it by three than take 30.2 percent of 2150 and times it by nine than add it all together your total would be 8374.25
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Rena transferred a balance of $2150 to a new credit card at the beginning of the year. The card offered an introductory APR of 5.9% for the ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers