Answer:
Most credit card companies also apply a late payment penalty if you owe a balance and do not make a payment. Ignoring that fee, Miriam's balance will increase as:
B(n) = 750(1.018)^n
where B(n) is Miriam's balance after n months. The progression will be:
$750.00
$763.50
$777.24
$791.23
$805.48
Step-by-step explanation:
To get the equation of the line, you need two points that belong to this line.
From the given graph, we can choose any two points: (0,-4) and (-2,0)
The general for of the linear straight line is:
y = mx + c where m is the slope and c is the y-intercept
First, we will calculate the slope using the following rule:
slope = (y2-y1) / (x2-x1)
slope (m) = (0--4) / (-2-0) = 4/-2 = -2
The equation of the line now is: y = -2x + c
Then, we will get the value of the c. To do so, we will choose any point and substitute in the equation. I will choose the point (0,-4)
y = -2x + c
-4 = -2(0) + c
c = -4
Based on the above calculations, the equation of the line is:
y = -2x - 4
<h2>Answer:</h2><h2>47.25</h2><h2 /><h2>Hope this helps!!</h2>
