Use the following compound interest formula to complete the problem. 2007-11-01-00-00_files/i0120000.jpg rodney owes $1,541.05 on his credit card. his card has an apr of 16.29%, compounded monthly. assuming that he makes no payments and no purchases, how much will he owe after one year? a. $1,561.97 b. $1,811.70 c. $1,792.09 d. $1,541.05

your answer is B.

Step-by-step explanation:

took practice test

The correct answer is B. $1811.70

Step-by-step explanation:

The formula for the compound interest is given by :

Principal value = $1541.05

Rate = 16.29%

n = No. of times the interest is compounded in a year

⇒ n = 12

Time = 1 year

Hence, The correct answer is B. $1811.70

3

step-by-step explanation:

in standard form:

a= dictionaries

b= maps

you have to buy 3 dictionaries, so put a 3 next to the a (dictionaries) so that you can multiply them by each other.

a3+b= 60 (the amount of money you have)

we already know the cost of a=15 so replace a with $15

($15 x 3)+b=60

multiply 15 and 3 to get $45 and replace it with $45

45+b=60

and then replace b with 15 to get the total:

45+15=60

that means you have $15 left after buying 3 dictionaries.

15 divided by the cost of a map ($5) equals 3.

so you can buy 3 maps.

sorry if it was confusing!

if she was to only spend a dollar she can get 1lb

step-by-step explanation: