Yahoo Answers is shutting down on 4 May 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

? asked in Science & MathematicsMathematics · 2 weeks ago

Algebra Math?

A recent college graduate decides to open a credit card in order to pay for their upcoming trip across Europe. In order to get a card with a large enough credit limit to pay for their $5,000 trip, the student agrees to an interest rate of 33.99% compounded continuously. If no payments are made for an entire year, what will be the balance on the card rounded to the nearest penny?

1 Answer

Relevance
  • Bryce
    Lv 7
    2 weeks ago

    B= 5000e^0.3399= $7024.04

Still have questions? Get answers by asking now.