What's the factored form of 0.00008x^4+200?
1 answer:
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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