A high-interest loan company determines late fees using the function L(t) = 10e0.012, where L represents the late fee, in dollars, and tis the number of days a customer is late with payment. Vhat would be the approximate late fee for a payment that is 67 days overdue, rounded to the nearest dollar? O $20 O $23 O $17 O $14

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter9: Quadratic Functions And Equations
Section9.6: Solving Quadratic Equations By Using The Quadratic Formula
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A high-interest loan company determines late fees using the function L(t) = 10e0.011, where L represents the late fee, in dollars, and tis the number of days a customer is late with payment.
What would be the approximate late fee for a payment that is 67 days overdue, rounded to the nearest dollar?
$20
$23
$17
$14
Transcribed Image Text:A high-interest loan company determines late fees using the function L(t) = 10e0.011, where L represents the late fee, in dollars, and tis the number of days a customer is late with payment. What would be the approximate late fee for a payment that is 67 days overdue, rounded to the nearest dollar? $20 $23 $17 $14
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