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Mathematics, 14.01.2021 01:00 Legoman29305

URGENT 45POINTS Part B- since the card has 0$minimum payments for the first four years it is active, emma wonders how much it will cost her if she doesn’t pay off the 300$ balance until after college. How much will she owe in 4 years? Use numerals instead of words. ROUND TO NEAREST dollar.

Part C- Emma also wonders how long it will take her balance of 300 to reach $450, assuming she doesn’t make any payments toward it. Write the equation to represent the situation, and solve it using the inverse relationship between exponential and logarithmic expressions. Use numerals instead of words, round to the nearest tenth.

It Will take about _ Years for emma’s balance to reach $450

Part D- Emma notices that since her credit card balance compounds monthly, she is charged more than 15% of her initial loan amount in interest per year. She wants to know how much she would pay if the card were compounded annually at a rate of 15%. which expression could Emma use to evaluate her valve with an annual compounding interest rate?

a) 300(1.15)^t
b)300(1.15)^12t
c)300(1.0125)^t
d)300(1.015)^12t

Part E) How would the situation change if the interest on emma’s credit card were compounded annually rather than monthly, and she didn’t make any payments towards the balance?

After four years, Emma would owe approximately $___ for her original purchase of 300$.
it would take around _ years for her balance to increase from $300 to $450.


URGENT 45POINTS

Part B- since the card has 0$minimum payments for the first four years it is acti

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URGENT 45POINTS Part B- since the card has 0$minimum payments for the first four years it is active...
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