Asked by shelly
You owe $300.00 on your credit card. Each month you fail to make a payment, your balance increases by 2%. How much will you owe after 2 years of missing payments?
Answers
Answered by
Henry
P = Po + Po*r*t.
P = 300 + 300*0.02*24mo. =
P = 300 + 300*0.02*24mo. =
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