Dempsey transferred a balance of $5600 to a new credit card at the beginning of the year. the card offered an introductory apr of 6.6% for the first 4 months and a standard apr of 24.8% thereafter. if the card compounds interest monthly, what will dempsey's balance be at the end of the year? (assume that dempsey will make no payments or new purchases during the year, and ignore any possible late payment fees.) a. $6741.98 b. $6595.68 c. $5724.22 d. $7158.06

The correct option is A. $6741.98

Step-by-step explanation:

Principal value = $5600

Rate of interest for 4 months = 6.6%

n = 12

Time = 4 months

Now, Principal = $5724.22

Time = 8 months

Rate of interest = 24.8

Hence, The correct option is A. $6741.98

set each factor equal to 0

4x-3 = 0

2x-1 = 0

solve for x.

4x-3=0

4x=3

x= 3/4

solve for x. 

2x-1= 0

2x= 1

x= 1/2

eventually after a few more steps, your answer should be 1/2 is less than or equal to x and 3/4 is greater than or equal to x