Questions by ggorczany - Page 40
Oscar has a $2,500 balance on his credit card that accumulates 14.5% interest compounded annually. Which of the following could be used to find the balance on the card after 5 years?A. A = 2500(1 + 0.145)5A. , A... equals... 2,500... 1 plus 0 point 1 4 5 to the 5th power,B. A = 2500 0.145 5B. , , A.... equals... 2,500 times 0 point 1 4 5 times 5, ,C. A = 2500(1 + 0.05)14.5C. , , A... equals... 2,500.... 1 plus 0 point 0 5 to the 14 point 5 power, ,D. A = 0.145(1 + 2500)5