Solve the problem.When a balance of $3000 is owed on a credit card and interest is being charged at a rate of 16% per year, the total amount owed after t years, A(t), is given byFind , and interpret this result.

A. $47,560,020.44 is the average annual increase in the debt from the 6th to the 12th year.
B. $47,560,020.44 is the total amount owed on the debt up to and including the 12th year.
C. $1749.82 is the average annual increase in the debt from the 6th to the 12th year.
D. $1749.82 is the total amount owed on the debt from the 6th to the 12th year.


Answer: C

Mathematics

You might also like to view...

Find the volume of the indicated region.the region enclosed by the paraboloids  and 

A. 4096? B. 8192? C. 16,384? D. 12,288?

Mathematics

Find the expected value.Mr. Cameron is sponsoring an summer concert. He estimates that he will make $300,000 if it does not rain and make $60,000 if it does rain. The weather bureau predicts the chance of rain is 0.34 for the day of the concert. What are Mr. Cameron's expected concert earning?

A. $300,000 B. $360,000 C. $60,000 D. $218,400

Mathematics

Select the first five terms of the sequence. (Assume that n begins with 1.) ? ?

A.

?


B.

?


C.

?


D.

?


E.

?


Mathematics

Simplify. ? 

A. 6 B. 12 C. 36 D. 72

Mathematics