Mathematics, 06.04.2021 20:00, dondre54

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? A. 300(1.15)^t
B. 300(1.015)^12t
C. 300(1.0125)^t
D. 300(1.15)^12t

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