A college student owes $2000 to a credit card company, which charges interest at an annual...

A college student owes $2000 to a credit card company, which charges interest at an annual rate of 10%. The student makes payments continuously at a constant rate of $25/month ($300/year).

a. set up the initial value problem describing the situation.

b. solve the initial value problem from part (a)

c. find the time T it will take to pay off the debit

Expert Solution

Colby Messinger answered 1 day ago

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