Mathematics, 01.02.2021 21:20 laurenppylant
Emma notices that since her credit card balance compounds monthly, she is charged more than 15% of her initial loan
amount in interest each year. She wants to know how much she would pay if the card were compounded annually at a
rate of 15%. Which expression could Emma use to evaluate her balance with an annual compounding interest rate?
O 300(1.15)
O 300(1.015)12t
O 300(1.0125)
O 300(1.15)12t
Answers: 1
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Emma notices that since her credit card balance compounds monthly, she is charged more than 15% of h...
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