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Jack has a credit card balance of $8000.His monthly interest rate is 4%. He never any monthly payments. Write an exponential function to model the situation . How much will jack…

Jack has a credit card balance of $8000.His monthly interest rate is 4%. He never any monthly payments. Write an exponential function to model the situation . How much will jack…
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Jack has a credit card balance of $8000.His monthly interest rate is 4%. He never any monthly payments. Write an exponential function to model the situation . How much will jack owe after 5 months?

User Herta
by
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1 Answer

3 votes
A=8,000×(1+0.04)^(5)
A=9,733.22
User Cuzzea
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8.5k points
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