————-PLEASE HELP———— Oscar has a $2,500 balance on his credit card that accumulates 14.5% interest compounded annually. Which of the following could be used to find the balance on the card after 5 years?

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asked Oct 3, 2022 230k views

12 votes

————-PLEASE HELP————

Oscar has a $2,500 balance on his credit card that accumulates 14.5% interest compounded annually. Which of the following could be used to find the balance on the card after 5 years?

Mathematics
high-school

Jordi Cruzado asked

by Jordi Cruzado

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1 Answer

2 votes

Answer:

35$

Explanation:

It will take 10 years and 11 months to payoff the balance. The total interest is $2,574.43

Kamil Lelonek answered Oct 7, 2022

by Kamil Lelonek

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