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horrorfan [7]
3 years ago
5

Thomas charged $2,400 on his credit card to buy furniture. The interest rate charged by the credit card company is 24.9%. How mu

ch will he pay in interest after one month?
Mathematics
1 answer:
ElenaW [278]3 years ago
5 0
If the interest is compounded continuously: 
A = Pe^(r)(t) - 50 
A =2400e^(0.249)(1/12) - 50 = $2400.32 
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