Answer:
The correct option is B.
Step-by-step explanation:
It is given that price of car is $8000.
Credit limit is $12000.
The monthly interest rate is 14%.
The exponential growth function is defined as
Where, a is initial value, r is rate of interest per month and x is time in months.
Here the initial amount of loan is $8000 and monthly interest rate is 0.14.
The exponential equation to determine how much you will owe (represented by y) after x months with no more purchases or payments is
Therefore the correct option is B.
Answer:
As t increases, the quantity reduces
Step-by-step explanation:
Given
Required
What does the rate (0.9945) reveal about the function
From the given function, the rate b is:
When b has the following range:
Then, it means there is a reduction
<em>In other words, as the number of weeks (t) increases, the quantity (f(t)) reduces</em>