See explanations on compound interest formula.
Step-by-step explanation:
Given that the formula which models the situation is;

This can be written as the compound interest formula where;
where
A=amount after the time period
P=starting amount=$300
r=interest rate=15%=0.15
n=number of compounding per year
t=time period
A.
P=$300, r=0.15, n=12
P(1+r/n)^nt
300(1+0.15/12)^12t
300(1.0125)^12t
A=300(1.0125)^12t
Introducing logs both sides


B.
Applying the compound interest formula where P=$300, t=4, n=4 and r=0.15

Interest= 544.61-300 =$244.61
C.
Finding the numeric expression to evaluate a yearly compounding interest rate you use n=1

D.
Given that P=$300, r=0.15, n=1,t=4 then, finding the amount and the interest will be;

interest to pay = 524.70-300=$224.70
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Compound Interest :brainly.com/question/7014337
Keywords: exponential expression,interest rate, credit card, compounded monthly, yearly,minimum payments
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