Credit Card Debt High interest rates make it difficult for people to pay off credit card debt in reasonable period of time. The interest I (in dollars) paid on a $10, 000 debt over 3 years when the interest rate r% can be approximated by the equation I + 0.663 175.393 If the credit card interest rate is 19.8%, find the amount of interest paid during three years?

Credit Card Debt High interest rates make it difficult for people to pay off credit card debt in reasonable period of time. The interest I (in dollars) paid on a $10, 000 debt over 3 years when the interest rate r% can be approximated by the equation I + 0.663 175.393 If the credit card interest rate is 19.8%, find the amount of interest paid during three years?

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter4: Exponential And Logarithmic Functions

Section4.2: The Natural Exponential Function

Problem 23E

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