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 p
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?
300(1.15)12t
300(1.015)12
300(1.0125)
300(1.15)