document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1154670>Question 1154670</A>: <I><SPAN STYLE=\"word-break: break-all;\"> 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.\" \r<BR>\n" );
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document.write( "a. What balance will Lara's credit card bill show after 6 months? Write a exponential expression and evaluate it.<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #777144 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=777144\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> the sofa costs 500.<BR>\n" );
document.write( "no payments are made for a year.<BR>\n" );
document.write( "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.<BR>\n" );
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