Thomas charged $2,400 on his credit card to buy furniture. the interest rate charged by the credit card company is 24.9%. after one month, the minimum payment on the debt is $50. how much will he owe after he makes the first payment

The answer is $2399.80.

Step-by-step explanation:

The APR is = 24.9%  

So, per month rate is =

After a month Thomas has to pay interest on $2400 at 2.075%  

= dollars

Now, the total amount due at month end is :

cost of furniture + interest on credit card  

= dollars

As given, Thomas has to pay minimum $50.  

Therefore, after this 1st payment of $50, the amount he will owe is :

= dollars

The answer is $2399.80.

i believe that the slope of the line is -5

step-by-step explanation: