Question

Jack has a credit card balance of $8000. His monthly interest rate is 4%. He never makes any monthly payments, so the amount he owes grows and grows and grows....... Write an equation that models this scenario and then graph the equation. Record it's your table of values.

Answer 1

8000/0.4=20000 because when u divide 8000 dollars and his interest rate is 4% so you are supposed to divide his interest rate and his monthly.