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Mathematics 8 Online
OpenStudy (anonymous):

Tabitha's credit card has an annual interest rate of 24%. The following function represents her balance after t years. f(t) = $450(1.24)^t Which expression reveals the approximate monthly interest rate for Tabitha's credit card? A. (1.018)^t B. (1.018)12^t C. (0.103)12^t D. (0.103)^t

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