Okay I'm not too sure on this but I believe it is the third one.
I hope this helps!!
Answer:
Hello, The answer is -5.3
Step-by-step explanation:
Have a great day!
Answer:
$1,591.67
Step-by-step explanation:
The computation of the balance after 5 years is shown below:
Given that
Accumulated Balance on Credit Card = P = $2,300
r = Monthly interest amount = 17% ÷ 12 = 1.41666667%
M = Minimum payment = 2%
Now
Balance on Credit Card after t year = P × (1+r) ×(1-M)
= $2,300 × (1+1.41666667%)^t × (1 - 2%)^t
= $2,300 × (0.993883337)^t
SO,
Balance on Credit Card after 5 years is
= $2,300 × (0.993883337)^60
= $2,300 × 0.692029437
= $1,591.66771
= $1,591.67
Linear
Non linear
Non linear
Linear
If the equation shows a straight line then it’s a linear equation if the equation doesn’t shows a straight line then it’s non linear
