Math 1050

Math 1050
The E-Portfolio assignment for this class was calculate interested on a credit card that would be paid based on the amount a payment was made to the creditor. The assignment thought me how to determine how much interest I would pay on a credit card base on the amount of money I pay. Wether it’s the minimum payment of a specific amount I can determine how much money in interest I would be paying and how long I would have a loan out. An example of where I can use this information and formula would be on loans I get from a creditor. The most common loan a person my age get is a car loan. The information from this assignment has thought me how to determine what will be the best payment plan option to pay off the car loan. This assignment covered concepts on solving logarithmic equations, and determining how to solve for interest amounts. This assignment helped me by understanding how to calculate how much interest I would be paying on money that has been loaned out to me and how to determine the best and worst way to approach paying the debt off.

Credit Card Assignment

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