Cesar is excited that he only has 12 months left before he pays off his credit card completely. His current balance is $3,750 an
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Using exponential function concepts, it is found that it represents a decay of 0.9%.
<h3>What is an exponential function?</h3>
A decaying exponential function is <em>modeled </em>by:
In which:
- A(0) is the initial value.
- r is the decay rate, as a decimal.
In this problem, the function is:
Hence:
Thus, it represents a decay of 0.9%.
You can learn more about exponential function concepts at brainly.com/question/25537936