Question: Answer wrong looking for 71.1 months (700 IRENE JACKSON Question 10 of 10 Step 1 of 1 29:56:13 The balance owed on your credit card

 Answer wrong looking for 71.1 months (700 IRENE JACKSON Question 10

Answer wrong looking for 71.1 months (700

of 10 Step 1 of 1 29:56:13 The balance owed on your

IRENE JACKSON Question 10 of 10 Step 1 of 1 29:56:13 The balance owed on your credit card triples from $700 to $2100 in 12 months. If the balance is growing linearly then it would take 71.1 months to reach $9000. If, on the other hand, the balance is growing exponentially, f(x) = 700(1 + 0.096)* where x represents the number of months, what would the balance be after 71.1 months? Round your answer to the nearest cent. AnswerHow to enter your answer (opens in new window) 2 Points Keypad

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!