The expression 2e0.028t models the amount of spending allowance provided by a credit card company in thousands of dollars. What does the 0.028 represent in this context? a) 28% interest rate O b) 0.028% interest rate O c) 2.8% interest rate d) 0.28% interest rate

The expression 2e0.028t models the amount of spending allowance provided by a credit card company in thousands of dollars. What does the 0.028 represent in this context? a) 28% interest rate O b) 0.028% interest rate O c) 2.8% interest rate d) 0.28% interest rate

PREALGEBRA

15th Edition

ISBN:9781938168994

Author:OpenStax

Publisher:OpenStax

Chapter5: Decimals

Section5.6: Ratios And Rate

Problem 486E: The parking lot at the airport charges $0.75 for every 15 minutes. (a) How much does it cost to park...

See similar textbooks

Related questions

Q: Find the following quotlent. Reduce to lowest terms. 21 16

A: here we can write

Q: In the diagram below, AMLK - AJIK. Find m. 41 ft 26.5 ft 20.5 ft i Write your answer as a whole…

A: Given Data: Similar triangles: △MLK~△JIK The length of side JI is: JI=41 ft The length of side IK…

Q: John is a payroll clerk for a small company. Last month, the employee's gross eaming (earning before…

A: John is payed clerk for small company. His gross earning is $32,561.57

Q: The property tax on a house with an assessed value of $250,000 is $3500. Determine the property tax…

A: Tax rate

Q: A bank requires a monthly payment of $47.07 on a $2900 loan. At the same rate, find the monthly…

A: A bank requires a monthly payment of $47.07 on a $2900 loan. At the same rate, To find the monthly…

Q: A cell phone company charges $39.99$39.99 flat fee each month, plus $0.05$0.05 per minute. If m…

Q: How much would your savings change by, if at MPC of 81%. vour disposable income increases trom $340…

Q: The Astronomical Telescope shop plans to introduce a new model based on the following information:…

A: The Astronomical Telescope shop plans to introduce a new model based on the following information:…

Q: 4 290 C Write your answer as an integer or as a decimal rounded to the nearest tenth. BC =

Q: Use the output provided in the formula sheets folder. In the reduced model, what is the value of R2?…

Q: There is a formula for simple interest I=Prt wherr I=interest P= amount borrowed ( called…

A: Given simple interest formula is : I=Prt Where P is principal r is the rate of interest t is…

Q: Waleed wants to find out the annual rate of interest, will a principal RO 211to amount to RO 9211…

A: Given : Waleed wants to find out the annual rate of interest, will a principal RO 211to amount to…

Q: In 3 1/2 months John collected a debt of $91.00. What was the average amount of debt John collected…

A: The given data: Debt collected by John in 312 months =$91 The average amount of debt collected by…

Q: OC Motor Supply had beginning-year net fixed assets of $479 and ending-year net fixed assets of…

A: Given data:- The given beginning year net fixed assets of, =$479 The given ending-year net fixed…

Q: Standard Appliances obtains refri $1,520 less 28% and 7%. Standard s 16% of the selling price of…

A: Given:- List price of refrigerator =$1520 First discount =28% Second discount…

Q: Raia purchases a finances it with a at a rate of 4.25% car payments?

Q: English Spanish 60% Original price = $75 40% %3D New price = $45 %3D 30% Percent markdown = - Next O…

Q: Baron went to the bank to buy £400 for a trip to Europe, when the exchange rate was C$1 = £0.5224.…

A: Given: Total amount required = £400 First exchange rate was C$1 = £0.5224 Second exchange rate was…

Q: A U.S. Treasury bond is trading at 98 and 6/32. Convert this price to its decimal form

A: We have given Trading price, P = 98 and 6/32 P=98+632 P=98+0.1875 P=98.1875

Q: A local miniature golf course owner must recarpet his fairways and replace the golf clubs his…

Q: whats eqh stand for

Q: lichelle pays a FICA/OASDI (Federal Insurance Contributions Act/Old Age Survivors and Disability…

Q: The price of a carpet was reduced by 90%. If the original price was $170, what was the amount by…

Q: Imagine you earn annual salary of 51149 biweekly and your workweek is 37. What is your hourly rate…

A: Annual salary 51149 The regular workweek is 37 hours. 37 hours in one week. Payment is every two…

Q: Suppose that BC financial aid alots a textbook stipend by claiming that the average textbook at BC…

A: Solution: Given that BC financial aid alots a textbook stipend by claiming that the average textbook…

Q: 65,400 working 38 hours per week. Compute regular hourly pay rate if she

Q: Suppose the current cost of gasoline is $2.68 per gallon. Find the current price index number,…

A: Current cost of gasoline = $2.68 per gallon 1975 price of gasoline = 56.7 Cents = 56.7 / 100 =…

Q: Based on the following figure, determine which value below is correct. (6x+27)° (12x-9)°

A: When two lines intersect, the opposite (X) angles are equal.

Q: Use Euler methad to solup y'=2-2y

Q: A $1300 certificate of deposit held for 71 days was worth $1312.31. What simple interest rate was…

Q: Teresa took out a $3000 loan for 11 months and was charged simple interest. The total interest she…

Q: What is the amount of money, P, that will generate $40 in interest at a 10% interest rate over 5…

A: Interest =$40 interest rate =10% time =5 years We have to find the principle.

Q: Based on the 50/30/20 rule,Julia has needs of $2,600 per month,wants of $1,560 per month,and saves…

A: Based on the 50/30/20 rule,Julia has needs of $2,600 per month,wants of $1,560 per month,and saves…

Q: The relationship between the balance B (in dollars) left on a mortgage loan and N, the number of…

A: Given:The equation B = 203,400 – 660 N which relates the balance B(in $) left on a mortgage loan and…

Q: balance

A: Given Maryam borrowed OMR 4200 from Bank Muscat. If she had paid 3/7 of the loan. To find the…

Q: Perform the indicated calculation. 6P3 11P4 6P3 (Round to four decimal places as ne 11P4

Q: SEP Engage in Argument In much of the world, Sl units are used in everyday life and not just in…

A: Definition: The International System Of Units (SI) is the metric system that is used universally as…

Q: Marty bought 5 pounds of apples for 98 cents a pound. What was the average price per pound that…

Q: Find the amount of simple interest earned for depositing the given principle in an account. P =…

A: P = $8300 r= 7.5% t = 4 months Find the amount of simple interest earned for depositing the given…

Q: 2. Angela gets paid a salary of P4,530.00 as a preschool teacher every week. Determine her: (a)…

Q: At Mr. Ng's first job, he got paid $4.35 an hour. If he still works there today full-time, how much…

A: Given query is to find the amount paid to Mr.Ng

Q: How to work out the break-even???

Q: An article has $ 1,799,000 in cash and is financed for 4 four years through equal monthly…

A: Solution

Q: (d) logs0.035

A: Here we have to calculate the floor value of the logarithm.

Q: The billing office is trying to figure out the amount of pay for 90 minutes of overtime for a nurse…

Q: Canada, the total for any store purchase paid in cash is rounded to the nearest 5 cents, where no…

A: Given query is to find the absolute error.

Q: 2. The men's hosiery buyer purchased 5 dozen men's stretch hose that he plans to retail at $12.00…

A: Given selling price for each = 12.00 dollar markup = 55%

Q: A construction company contracted for OMR 144000 to complete a building in a certain date, with a…

A: Given, Amount = 144000 Penalty Discount = 0.02 Delay time = 9

Q: The populatio ourity has Maricopa County population is approximately 3.817 million. If the…

Question

100%

The expression 2e0.028t models the amount of spending allowance provided by a
credit card company in thousands of dollars.
What does the 0.028 represent in this context?
a) 28% interest rate
O b) 0.028% interest rate
O c) 2.8% interest rate
d) 0.28% interest rate

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Time Series Analyses, Forecasting Methods, and Indices$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.

Similar questions

The parking lot at the airport charges $0.75 for every 15 minutes. (a) How much does it cost to park for 1 hour? (b) Explain how you got your answer to part (a). Was your reasoning based on the unit cost or did you use another method?
Consider the statement “Worldwide in 1 year, there were $2.9 trillion in credit card transactions.” What was the daily average dollar amount of transactions? Round to the nearest hundred million dollars. $
Based on this expression what is the amount of money Paul had remaining
"On his tax return this year, Steve reports $575 income from interest. Assuming an interest rate of about 4.6%, about how much does Steve have invested?"
A man realizes he lost the detailed receipt from the store and only has the credit card receipt with the after-tax total. If the after-tax total was $1,897.28, and the tax rate in the area is 7.8%, what was the pre-tax subtotal?
The relationship between the balance B (in dollars) left on a mortgage loan and N, the number of monthly payments, is given by B=203,400-660N. What is the monthly mortgage payment?
What is the APR of a paydayloan for $1825 due in 18 daysthat charges a $135 fee?
Clearly indicate the necessary steps,including appropriate formula substitutions,diagrams,graphs,charts,etc. 12. Marty bought 5 pounds of apples for 98 cents a pound. What was the average price per pound that Marty paid for apples?
The amount that should be set aside is ?
The stock market fell by 37% from February 12, 2020 to March 23, 2020. Your Roth IRA balance on March 23, 2020 was $564,007.50. What was your Roth IRA balance on February 12, 2020? How much money did you lose over this time period?
A $1300 certificate of deposit held for 71 days was worth $1312.31. What simple interest rate was earned? Assume 360 days in a year. The certificate of deposit earned an interest rate of____%