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garik1379 [7]
3 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]3 years ago
6 0
I believe the answer is (0, 8000) 
Viktor [21]3 years ago
3 0

option C would be your correct answer ;)

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