Suzanne opens a line of credit at a local bank, and immediately borrows 1510 dollars. 5 months later, she repays 1120 dollars. 2 months after the repayment, she borrows 560 more dallars, 4 months...


Suzanne opens a line of credit at a local bank, and immediately borrows 1510 dollars. 5 months later, she repays 1120 dollars. 2 months after<br>the repayment, she borrows 560 more dallars, 4 months later, she repavs 740 dollars. If no other transactions take place and the interest rate<br>is 0.95 percent per month (compounded monthlydw much will she owe two years after she opened the line of credit?<br>Answer= 396<br>dollars.<br>

Extracted text: Suzanne opens a line of credit at a local bank, and immediately borrows 1510 dollars. 5 months later, she repays 1120 dollars. 2 months after the repayment, she borrows 560 more dallars, 4 months later, she repavs 740 dollars. If no other transactions take place and the interest rate is 0.95 percent per month (compounded monthlydw much will she owe two years after she opened the line of credit? Answer= 396 dollars.

Jun 11, 2022
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