Joel purchased an engagement ring with his credit card. His card has an APR of 13.99% and he must pay at least 3% of the balance at the end of each month. If

his carry-over balance for this month is $9,026.74 and he has made no

additional purchases, what would Joel's finance charge be at the end of the

month?

Round your answer to the nearest cent.

the 3rd on is correct

step-by-step explanation:

answer: solve 5\cdot 2^x=2405⋅2  

x

=2405, dot, 2, start superscript, x, end superscript, equals, 240.

solution

to solve for xxx, we must first isolate the exponential part. to do this, divide both sides by 555 as shown below. we do not multiply the 555 and the 222 as this goes against the order of operations!

\begin{aligned} 5\cdot 2^x& =240 2^x& =48 \\ \end{aligned}  

5⋅2  

x

2  

x

​    

=240

=48

​

step-by-step explanation: