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
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-> 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
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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.
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.
