Answer:
The monthly interest payment would be $ 9
Step-by-step explanation:
Given,
The average balance of the credit card = $ 450,
Annual rate of interest = 24%,
∵ Monthly interest rate is 1/12 of the annual interest rate,
Thus, the monthly interest rate =
Hence, the monthly interest payment = 2% of credit card balance
= 2% of 450
= $ 9
Answer:
The magnitude is
The direction is i.e toward the x-axis
Step-by-step explanation:
From the question we are told that
The function is
The point considered is
Generally the maximum rate of change of f at the given point and the direction is mathematically represented as
At