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lesantik [10]
2 years ago
7

A friend owes $10,000 on his credit card. He plans to stop making charges and pay off the balance. The card has a minimum paymen

t of 5%. He figures correctly that 5% of $10,000 is $500. From that he concludes that he needs to make the 5% minimum payment for only 20 months Is your friend right? If not, explain the error in his reasoning.
Mathematics
1 answer:
Virty [35]2 years ago
4 0

Answer:

yes he is correct

Step-by-step explanation:

10000x0.05=500 so thats correct

he will pay 500 for 20 month= 10,000

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2 years ago
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Andre45 [30]

The standard form:

Ax+By=C

The slope-intercept form:

y=mx+b

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m=\dfrac{y_2-y_1}{x_2-x_1}

b - y-intercept (0, b).

We have the point (0, 43) → b= 43.

Next point (2, 55). Substitute to the slope formula:

m=\dfrac{55-43}{2-0}=\dfrac{12}{2}=6

Therefore we have:

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\boxed{-6x+y=43}


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Ronch [10]
-3(5/6)v - 1 = -6(3/4)

To start off, we can simplify by multiplying the fractions with their whole numbers.

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