Ask Question
7 October, 23:49

Edgar accumulated $5,000 in credit card debt. If the interest is 20% per year and he does not make any payment for 2 years. How much will he owe on this debt in 2 years by compounding continously?

+3
Answers (1)
  1. 8 October, 01:14
    0
    5000*1.2 = 6000 1st year

    6000*1.2 = 7200 2nd year

    Answer: 7200$
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Edgar accumulated $5,000 in credit card debt. If the interest is 20% per year and he does not make any payment for 2 years. How much will ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers