Answer:
The monthly interest payment would be $ 9
Step-by-step explanation:
Given,
The average balance of the credit card = $ 450,
Annual rate of interest = 24%,
∵ Monthly interest rate is 1/12 of the annual interest rate,
Thus, the monthly interest rate =
Hence, the monthly interest payment = 2% of credit card balance
= 2% of 450
= $ 9
Answer:
A, C and F
Step-by-step explanation:
The given function is
It is an exponential function of the form
On comparing both the functions, we get
It means the initial value is 5 and growth factor is 3.
Since both values are positive it means the given functions is an exponential growth function, therefore,
1. The graph is increasing by a common ratio of 3.
2. As x increases, y increases.
3. As x decreases, y approaches 0.
Hence, the correct options are A, C and F.
