Ask Question
3 July, 19:23

Thomas charged $2,400 on his credit card to buy furniture. The interest rate charged by the credit card company is 24.9%. How much will he pay in interest after one month?

+5
Answers (1)
  1. 3 July, 19:46
    0
    If the interest is compounded continuously:

    A = Pe^ (r) (t) - 50

    A = 2400e^ (0.249) (1/12) - 50 = $2400.32
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Thomas charged $2,400 on his credit card to buy furniture. The interest rate charged by the credit card company is 24.9%. How much will he ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers