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Mathematics, 23.12.2021 14:00 dbzafgtkiap9wyrl
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(1.15) 124
O 300(1.0125)
b 300(1.015)12
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Answers: 3
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