J-laws has a balance of $20,000 on her credit card charging 5% interest per month on her unpaid balance. J-laws pays $5,000 toward the balance each month. Find her balance after 4 months.
J-laws has a balance of $20,000 on her credit card charging 5% interest per month on her unpaid balance. J-laws pays $5,000 toward the balance each month. Find her balance after 4 months.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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J-laws has a balance of $20,000 on her credit card charging 5% interest per month on her unpaid balance. J-laws pays $5,000 toward the balance each month. Find her balance after 4 months.
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