You owe $300 on your credit card. For every month that you fail to make a payment, your balance increases by 1%. Find a formula for the balance B owed after t months with no payment.

Step-by-step explanation:

The balance owed after t months can be given by an exponential function in the following format:

In which B(0) is the initial balance owed and r is the growth rate, as a decimal.

You owe $300 on your credit card. For every month that you fail to make a payment, your balance increases by 1%.

This means, respectively, that

So

can you add an image ?

step-by-step explanation:

because they could drop even lower..