580 x 1.0232^n where n is equal to the year in question less 1960 as 1960 is the reference year.
The number of colors on the page, it’s doesn’t specify the number.
Answer:
The extra amount to be paid = $ 309.15
Step-by-step explanation:
Credit card bill = $ 7250 .
Interest rate = 16 % .
<h3>
AMOUNT TO BE PAID IN 1 YEAR</h3>
Monthly payment = $ 657.80
Total amount to be paid in a year = $ 657.80 × 12 = $ 7893.6
Interest amount in 1 year = $ 7893.6 - $ 7250 = $ 643.6.
<h3>AMOUNT TO BE PAID IN 18 MONTHS </h3>
Monthly payment = $ 455.71.
Total amount to be paid in a 18 months = $ 455.71 × 18 = $ 8202.78
Interest amount to be paid in 18 months = $ 952.78 .
The extra amount to be paid = $ 8202.78 - $ 7893.6 = $ 309.15
A few applications of L'Hopital's rule gives a decent idea of how this limit will ultimately behave.
and so on. Notice that the numerator will consistently behave exponentially, while the denominator will eventually be rendered into a constant. This means the function diverges to
as
.
