SOLUTION: I need to double check this.
"Jacob has not paid his $320 credit card bill and it was sent t collections. His interest rate is 43% compounded daily.
Write an exponential funct
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-> SOLUTION: I need to double check this.
"Jacob has not paid his $320 credit card bill and it was sent t collections. His interest rate is 43% compounded daily.
Write an exponential funct
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Question 965878: I need to double check this.
"Jacob has not paid his $320 credit card bill and it was sent t collections. His interest rate is 43% compounded daily.
Write an exponential function that models this situation where Y is the balance of Jacob's account and X is the time in years."
PLEASE HELP ME! I know the answer is supposed to be Y=?????
I used a formula and got(1+45 x 365/100)^n=p(15795/100)^n.
Im pretty sure this is not the answer. Again please me, and as always, THANK YOU!! Answer by Fombitz(32388) (Show Source):
You can put this solution on YOUR website! First off, you don't have X in your answer so it can't be right.
So in one day, which would be of a year, the balance would be,
