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Natali5045456 [20]
3 years ago
12

You just turned 18, and you can get your own credit card. But, because you are a young person with no credit history your intere

st rate will be relatively high at 26%. If your parents put you on their credit card account, your interest rate will be much lower at 16%. If you buy a new HDTV for $695. what would the difference be between the two cards over 8 months?
a) $16.25
b) $26.50
c) $27.80
d) $46.33
Mathematics
2 answers:
rodikova [14]3 years ago
7 0
The answer is D $46.33
iren [92.7K]3 years ago
3 0
The answer will be D.
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y = C/2 when t = 1599

Substitute the values in the equation

C/2 = Ce^{24100k}

Cancel the C in both side

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Here we have to apply ln to eliminate the e terms

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C = 1.2 / e^(-0.0287)

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Any thing u want

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