Mathematics, 27.01.2021 21:20 mashcroft2002
A person charges $100 to a credit card with a 24% nominal annual interest rate. Assuming no other charges or payments are made, find the
balance on the card, in dollars, after 1 year for interest calculated at each time interval. Round to the nearest cent if necessary.
a. annually $
b. every 6 months
C. every 3 months $
d. monthly
e. daily $
Answers: 3
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A person charges $100 to a credit card with a 24% nominal annual interest rate. Assuming no other ch...
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