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Mindy has an unpaid of $1,250 on her credit card. The monthly finance change is 1 3/4. If she makes no additional purchase and does not make any payment to the credit card company, what will be the balance after 2 months?

Respuesta :

You have to divide $1,250 by 1 3/4 then multiply 2

Answer: $1316.79

Step-by-step explanation:

Convert the percent to a decimal.

1 ¾ % = 1.75% = 0.0175

Find the balance after one month.

1250 x 0.0175 = 21.88

1250 + 21.88 = $1271.88

Find the balance after two months.

1271.88 x 0.0175 = 22.26

22.26 + 1271.88 = $1294.14

Find the balance after three months.

1294.14 x 0.0175 = 22.65

22.65 + 1294.14 = $1316.79