If you charge $2,000 on a credit card today, how much will the
balance be in seven years (assuming no additional fees) if the
credit card has 14.99% APR that is compounded monthly?
A = P(1 + )

$5,674.30

Step-by-step explanation:

Use the Compound Amount formula:

A = P(1 + r/n)^(n*t), where r = APR as a decimal fraction = 0.1499

and n = 12 (compounded monthly).

Then A = $2,000(1 + 0.1499/12) )^(7*12)

             =  $2,000(1 +  0.0125)^84

              = $2,000(1.0125)^84 = $2,000(2.837) = $5,674.30

step-by-step explanation:

3

step-by-step explanation:

in standard form:

a= dictionaries

b= maps

you have to buy 3 dictionaries, so put a 3 next to the a (dictionaries) so that you can multiply them by each other.

a3+b= 60 (the amount of money you have)

we already know the cost of a=15 so replace a with $15

($15 x 3)+b=60

multiply 15 and 3 to get $45 and replace it with $45

45+b=60

and then replace b with 15 to get the total:

45+15=60

that means you have $15 left after buying 3 dictionaries.

15 divided by the cost of a map ($5) equals 3.

so you can buy 3 maps.

sorry if it was confusing!