A bank credit card charges interest at the rate of 24% per year, compounded monthly. If a senior in college charges $1,500 to pay for college expenses, and intends to pay it in one ye what will he have to pay? (Round your answer to the nearest cent.)

$

1902.36

Step-by-step explanation:

When interest is compounded monthly , the formula to find the accumulated amount is

, where P = principal value , r = rate of interest , t = time.

As per given,

r= 24% =  0.24

P= $1500

t= 1 year

Put all value in formula , we get

Hence, he need to pay $1902.36.

29 is the correct answer

step-by-step explanation:

answer: if you weigh 60 pounds on earth, on the moon you will weigh about 10 pounds. if you weigh 120 pounds on earth, you will weigh about 20 pounds on the moon. since weight is caused by the mass of two objects that are near each other, the bigger the objects, the more the force of gravity.

step-by-step explanation: if you weigh 60 pounds on earth, on the moon you will weigh about 10 pounds. if you weigh 120 pounds on earth, you will weigh about 20 pounds on the moon. since weight is caused by the mass of two objects that are near each other, the bigger the objects, the more the force of gravity.