1. Your credit card has a balance of $1500. If your annual interest rate is 29.98% compounded yearly, write an exponential function to model this scenario. What would you owe on your credit card if you

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asked Oct 28, 2021 79.8k views

4 votes

1. Your credit card has a balance of $1500. If your annual interest rate is 29.98% compounded

yearly, write an exponential function to model this scenario. What would you owe on your credit
card if you made no payments for 5 years?

Mathematics
college

Snostorp asked

by Snostorp

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1 Answer

5 votes

Answer:

7500

Explanation:

I'm only in middle school I tried my best.

i multiplied $1,500 x 5

Adis Azhar answered Nov 1, 2021

by Adis Azhar

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