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3 years ago

5

Edgar accumulated $1,000 in credit card debt. If the interest is 10% per year and he does not make any payments for 4 years, how

much will he owe on this debt in 4 years by compounding continuously?
Provide your answer below:

A= $ __

1 answer:

Bezzdna [24]3 years ago

5 0

ANSWER: 400
10% of 1000 is 100 x 4 = 400

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