To solve this problem you must apply the proccedure shown below:
1. You have the following function:
2. You can rewrite it as following:
3. The line intersects the y-axis when , therefore:
4. The line intersects the x-axis when :
5. Now plot the points (0, 0.5) and (1,0) in a graph , as you can see in the figure attached.
Therefore, the answer is: The points of intersection are (0, 0.5) and (1,0).
Answer:
The new account balance is <u>$812</u>.
Step-by-step explanation:
Given:
Larry Thomas's charge account statement shows an unpaid balance of $800.
The monthly finance charge is 1.5% of the unpaid balance.
Now, to find the new account balance.
Unpaid balance = $800.
Monthly finance charge of the unpaid balance = 1.5%.
Now, to get the new account balance:
$800 + 1.5% of $800.
Therefore, the new account balance is $812.