You have just graduated from college and purchased a car for $8000. Your credit limit is $20,000. Assume that you make no payme

Question

2 years ago

15

You have just graduated from college and purchased a car for $8000. Your credit limit is $20,000. Assume that you make no payme

nts and purchase nothing more and that there are no other fees. The monthly interest rate is 12%. Find the y-intercept for the exponential function which represents how much you will owe (represented by y) after x months with no more purchases or payments. a. (0, 20,000) c. (0, 8000) b. (8000, 0) d. (20,000, 0)

Mathematics

2 answers:

solmaris [256] · Answer 1 · 2022-06-09T14:21:49+03:00

solmaris [256]2 years ago

6 0

I believe the answer is (0, 8000)

Viktor [21] · Answer 2 · 2022-06-09T15:29:27+03:00

Viktor [21]2 years ago

3 0

option C would be your correct answer ;)