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2 months ago, Blake used his credit card for a transaction of 400 dollars. The bank charges a rate of interest of
25% per month compounded monthly.
How much does Blake owe to the bank today?

Respuesta :

gabriellek123
$206.27 per month is needed to payoff the balance in 2 months. Total interest is $12.54.
Melissacastr02442

Answer:

625

Step-by-step explanation:

A=400x5/4x5/4

=400x(5/4)^2

=400x25/16

=625

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