Mathematics, 23.04.2021 14:00, alondris3888

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)

Emma notices that since her credit card balance compounds monthly, she is charged more than

15% o

Answers: 1

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