Get slides out!!!
Review wkst #1
1. You put $775.00 on a credit card that collects 20.99% annual interest. If you make no payments how long will it take for the balance to reach the $2500.00 for each of the given frequency of compounding?
a. Annual
b. Quarterly
c. Continuously
d. Explain which is the better frequency for this situation and why.
3. A bacteria doubles every 85 minutes. If there was 375g to begin with, approximately how much bacteria will there be after 24 hrs? That is 1440 mins.