You have a balance of $2100 on your Visa credit card. Assume that you make no more charges on the card and that the card
Posted: Fri Jul 08, 2022 5:31 am
You have a balance of $2100 on your Visa credit card. Assumethat you make no more charges on the card and that the card charges9.6% APR and requires a minimum payment of 3% of the balance.Assume also that you make only the minimum payments.
Find a formula for the balance B after t monthlypayments.
Find a formula for the balance B after t monthlypayments.