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Mathematics, 03.02.2021 09:40 Josias13
Select the correct answer.
Micah took out a student loan for $20,000, which began accruing interest immediately. He has chosen not to begin payment of the loan until he finishes his schooling. The table shows the balance of the loan while Micah is in school.
Months Loan Balance
6 $20,608
12 $21,234
18 $21,879
24 $22,543
30 $23,228
36 $23,934
Assuming that the relationship is exponential, which is the best estimate of the loan balance after 4 years?
A.
$20,403
B.
$24,890
C.
$25,168
D.
$25,410
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Answers: 2
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