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10 December, 10:22

Jack has a credit card balance of $8000. His monthly interest rate is 4%. He never any monthly payments. Write an exponential function to model the situation. How much will jack owe after 5 months?

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  1. 10 December, 11:25
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    A=8,000 * (1+0.04) ^ (5)

    A=9,733.22
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