Answer:
$29619.13
Step-by-step explanation:
a. Tara has $14375 in credit card debt and the interest rate is 5.3%.
Now, if f(t) represent the amount of money Tara have in credit card debt, where t is the number of years after after interest begins to accrue, then
......... (1)
Again Tara borrows $570 each month for rent from her parents without any interest.
If g(x) represent the amount of money Tara owes to her parents, where t represents the number of years passed,then we can write
g(t) = 570 × 12t = 6840t ........ (2)
Therefore,
b. So, for t = 2 years,
= $29619.13
So, Tara has to repay $29619.13 if she continues this way without any repayment for 2 years. (Answer)