Your credit card has a balance of $5400 and an annual interest rate of 17%. You decide to pay off the balance over two years. If
there are no further purchases charged to the card, you must pay $266.94 each month, and you will pay a total interest of $1006.56. Assume you decide to pay off the balance over one year rather than two. How much more must you pay each month and how much less will you pay in total interest?
1 answer:
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Answer:
Part a) The unit rate of change of d with respect to t is equal to
Part b) The graph of the line in the attached figure
Step-by-step explanation:
we know that
A relationship between two variables, t, and d, represent a proportional variation if it can be expressed in the form or
step 1
Find the value of k
we have
substitute
so
the linear equation is equal to
step 2
using a graphing tool
graph the line
