(Continuouly Compounded Interet LC)
A cutomer ue a tore credit card to purchae a boat for $10,500. The tore credit card offer an annual interet rate, compounded continuouly, of 18. 99% with no payment due for the firt two year. If no payment are made for the two year, what will be the balance on the card, rounded to the nearet penny?
a ) $12,679. 59
b ) $12,695. 85
c ) $15,311. 62
d ) $15,350. 92