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Ainat [17]
3 years ago
5

Gordon has $395 in credit card debt. If Gordon makes no payments, his debt will increase by 2.5% each month. Which function can

be used to find the amount of debt Gordon will have after x months? *
A. f(x) = 395(2.5)ˣ
B. f(x) = 395(1.25)ˣ
C. f(x) = 395(1.025)ˣ
D. f(x) = 395(97.5)ˣ
Mathematics
2 answers:
sesenic [268]3 years ago
4 0

Answer:

C

Step-by-step explanation:

Gnoma [55]3 years ago
3 0
The correct answer is letter C
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Rose and Andrew are financing 128,000 to purchase a condominium. They obtained a 15 year fixed rate loan with a rate of 5.05%. T
anzhelika [568]

Amount Financed(P) = $ 128,000

Time = 15 year

Rate of interest= 5.05%

Amount after 15 years translates to,

{\text{Using the formula}} P(1+\frac{R}{100})^n\\\\ 128,000(1 +\frac{5.05}{100})^{15}\\\\ =128,000 \times (1.0505)^{15}\\\\=128,000 \times 2.0938\\\\=268,009.890

Rose and Andrew has taken four points to lower their rate to 4.81% .

   Amount after 15 years translates to, if rate of interest is 4.83 %

{\text{Using the formula}} P(1+\frac{R}{100})^n\\\\ 128,000(1 +\frac{4.83}{100})^{15}\\\\ =128,000 \times (1.0483)^{15}\\\\=128,000 \times 2.0290\\\\=259713.0404

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3 0
3 years ago
Carissa and Louann both have savings accounts. Carissa has $250 in her account and deposits $80 per month. Louann has $1230 in h
zlopas [31]
Carissa value after x months=current+amount deposited
louan value after x months=current-amount taken out

carissa depositied=amount per month times x months=80x
louan take out=amount per month tiems x months=60x

when wil amount be equal
se equal

cariss=lousa
250+80x=1230-60x
add 60x both sides
250+140x=1230
minus 250 both sides
140x=980
divide both sides by 140
x=7

find how much that is
250+80(7)=250+560=810


7 months both have $810
8 0
3 years ago
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