alanasaldivar33 alanasaldivar33
  • 10-11-2020
  • Mathematics
contestada

Gabby accumulated $12,000 in credit card debt. If the interest rate is 4% per year and she does not make any payments for 8 years, how much will she owe on this debt in 8 years by compounding continuously?

Respuesta :

uwu07 uwu07
  • 16-11-2020

Answer:

$16,525.53.

Step-by-step explanation:

A=Pe^rt

P=$12,000

r=0.04

t=8 years

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