A credit card company charges 24.99% annually for its interest rate. There is a a 2450 balance.how much interest would be charge
1 answer:
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Answer:
see the explanation
Step-by-step explanation:
we know that
A linear function in slope intercept form is equal to
where
m is the slope or unit rate
b is the y-intercept
x is the independent variable or input value
f(x) is the dependent variable or output value
In this problem we have
where
m is the number of miles
f(m) is the cab company's fare in dollars
we have that
In this context
<em>Slope</em>
The slope or unit rate is equal to the cost per mile for the riders trip
The slope is $3 per mile
<em>Y-intercept</em>
The y-intercept is the cost of the riders trip when the number of miles is equal to zero, also is called the initial value.
The y-intercept is $5