Farrel accumulated $9,000 in credit card debt. if the interest rate is 4.1% per year and he does not make any payments for a year. how much will he owe on this debt in 9 years by compounding continously?

$12,921.09

Step-by-step explanation:

1. 9,000*1.041(added 4.1 percent to whole debt)=$9369

2. 9,369*1.041=9,753.13

3. 9,753.13*1.041=10,153.01

4. 10,153.01*1.041=10,569.28

5. 10,569.28*1.041=11,002.62

6. 11,002.62*1.041=11,453.73

7. 11,453.73*1.041=11,923.33

8. 11,923.33*1.041=12,412.19

9. 12,412.19*1.041=12,921.09

$12,921.09

the formula of a slope:

from a table we have

substitute:

the slope of f(x) is -1.

the graph of funcfion g(x) is a horizontal line. the slope of a horizontal line is equal 0. therefore the slope of g(x) is 0.

-1 < 0

69.64%

step-by-step explanation: