SOLUTION: Lara buys a $500 sofa at a furniture store. She buys the sofa with her new credit card that charges 1.5% interest per month, with an offer for " no payments for a year." a. Wha

Question 1154670: Lara buys a $500 sofa at a furniture store. She buys the sofa with her new credit card that charges 1.5% interest per month, with an offer for " no payments for a year."
a. What balance will Lara's credit card bill show after 6 months? Write a exponential expression and evaluate it.

Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
the sofa costs 500.
no payments are made for a year.
in 6 months, at 1.5% interest rate per month, she would owe 500 * 1.015 ^ 6 = 656.0659584 = 656.07 rounded to the nearest penny.

RELATED QUESTIONS
A lady buys sofa at 20% discount. If She had gotten 25% discount she would have got... (answered by Boreal)

nikiwe moves into her new flat and buys furniture worth R7500. the furniture company... (answered by stanbon)

The MetroCity furniture company is planning to produce a new living room sofa. For the... (answered by rfer)

The MetroCity furniture company is planning to produce a new living room sofa. For the... (answered by addingup)

Hi, I am having trouble with this problem, I would appreciate it if you could help me... (answered by KMST)

Vela made a 10% down payment of 33.50 when she bought her new sofa. What was the price of (answered by jorel1380)

Paula buys a sofa. she pays a deposit of 10% of the cash price and then 36 monthly... (answered by macston)

2. Find the total cost of a sofa if the ticket price was $950 and the furniture store set (answered by rfer)

the furniture company is planning to produce a new living room sofa. for the first year... (answered by Fombitz)