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
Because domain restrictions apply to this rational expression, x cannot be equal to {-2, 2}.
<h3>What is domain?</h3>
Domain restrictions are any points in the domain where the function will not have a value. This basically means that there is a point in the function where x will not work.
For the numerator, any value of x will suffice. We can have a value of 0 in the numerator, or a positive, negative, or decimal number.
However, the denominator cannot be equal to zero. This is due to the fact that a fraction bar represents division, and we cannot divide by zero.
Here,
x²-4=0
Add 4 to both sides:
x²-4+4 = 0+4
x² = 4
Take the square root of both sides:
√x² = √4
x = 2 or x = -2
The x cannot be equal to {-2, 2} as domain restrictions apply to this rational expression.
To know more about domain,
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It’s D i just did this a couple mins ago