Mathematics, 14.12.2021 16:30 floydsidney1119

Emma notices that since her credit card compounds monthly, she is charged more than 15% of her initial loan amount in interest per year. She wants to know how much she would pay if the card were compounded yearly at a rate of 15%. Find the numeric expression to evaluate a yearly compounding interest rate.

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Emma notices that since her credit card compounds monthly, she is charged more than 15% of her initi...

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