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Author Question: When a balance of $3000 is owed on a credit card and interest is being charged at a rate of 16% per ... (Read 60 times)

biggirl4568

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When a balance of $3000 is owed on a credit card and interest is being charged at a rate of 16% per year, the total amount owed after t years, A(t), is given by

Find , and interpret this result.
◦ $1749.82 is the average annual increase in the debt from the 6th to the 12th year.
◦ $47,560,020.44 is the total amount owed on the debt up to and including the 12th year.
◦ $1749.82 is the total amount owed on the debt from the 6th to the 12th year.
◦ $47,560,020.44 is the average annual increase in the debt from the 6th to the 12th year.


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Marked as best answer by biggirl4568 on Jun 16, 2021

eliasc0401

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biggirl4568

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Reply 2 on: Jun 16, 2021
Excellent


olderstudent

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Reply 3 on: Yesterday
:D TYSM

 

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