How would i do this?
For a certain credit card, the total amount, A ,that a customer owes is given by the following formula. In the formula, P is the starting balance and n is the number of months of debt, assuming interest is compounded monthly. Suppose you begin with a credit card debt of $1000. After one year, you will owe $ _______.
A=P(1.015)^n

Question

How would i do this? 
For a certain credit card, the total amount, A ,that a customer owes is given by the following formula. In the formula, P is the starting balance and n is the number of months of debt, assuming interest is compounded monthly. Suppose you begin with a credit card debt of $1000. After one year, you will owe $ _______. 
A=P(1.015)^n

anonymous · Answer

dang the credit card companies... they really rip you off eh?

anonymous · Answer

Given the formula, A=P(1.015)^n, You just need to substitute in the relevant values.
P, starting balance, = 1000
n, number of months of debt  = one yr = 12 months.

A= (1000)(1.015)^12
A= 1195.6 dollars.

anonymous · Answer

@deszbra