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2 years ago

6

Darren accumulated $9,000 in credit card debt. If the interest rate is 4.1% per year and he does not make any payments for 9 yea

rs, how much will he owe on this debt in 9 years by compounding continuously? Round to the nearest cent

2 answers:

nikdorinn [45]2 years ago

4 0

Answer:

$12,921.09

Step-by-step explanation:

9000(1.041)⁹

9000(1.4367641386)

≈$12,921.09

sp2606 [1]2 years ago

4 0

The answer is 12,929.29

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