PLEASE HELP SOMEBODYYou charge $1000 to a credit card. Use the compound interest formula to find the new amount you'll owe on
your credit card after 1 month (i. e. 30 days) with 24%
APR compounded daily.
nt
The compound interest formula A=PX (1+
Where A = final amount
P = initial balance (principal)
r = interest rate as a decimal (e. g. 5% would be 0.05)
n = number of times interest applied per year (e. g. 12
for monthly, 52 for weekly, 365 for daily)
t = time in years (e. g. 6 months would be 0.5)