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Thomas charged $2,400 on his credit card to buy furniture. The interest rate charged by the credit card company is 24.9%. How much will he pay in interest after one month?

Respuesta :

UnamedPerson
If the interest is compounded continuously: 
A = Pe^(r)(t) - 50 
A =2400e^(0.249)(1/12) - 50 = $2400.32 

$2400.32

A = Pe^(r)(t) - 50  

A =2400e^(0.249)(1/12) - 50

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