You get a new credit card and make an initial charge, but then charge nothing else. The table below shows your balance B, in dollars, after you have made n monthly payments. Payments n 0 1 2 3 Balance B 502.00 471.88 443.57 416.96 (a) Find an exponential model for the data. (Round the values to two decimal places.) B = 401.96 ✕ 1.24n B = 600.00 ✕ 0.78n B = 458.60 ✕ 0.85n B = 416.96 ✕ 1.06n B = 502.00 ✕ 0.94n (b) What was your initial charge? (Use the model found in part (a).)$ (c) What will your balance be after you have made payments for 1 year? (Use the model found in part (a). Round your answer to two decimal places.)$
You get a new credit card and make an initial charge, but then charge nothing else. The table below shows your balance B, in dollars, after you have made n monthly payments. Payments n 0 1 2 3 Balance B 502.00 471.88 443.57 416.96 (a) Find an exponential model for the data. (Round the values to two decimal places.) B = 401.96 ✕ 1.24n B = 600.00 ✕ 0.78n B = 458.60 ✕ 0.85n B = 416.96 ✕ 1.06n B = 502.00 ✕ 0.94n (b) What was your initial charge? (Use the model found in part (a).)$ (c) What will your balance be after you have made payments for 1 year? (Use the model found in part (a). Round your answer to two decimal places.)$
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.FOM: Focus On Modeling: Fitting Exponential And Power Curves To Data
Problem 1P: U.S. Population The U.S. Constitution requires a census every 10 years. The census data for 17902010...
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You get a new credit card and make an initial charge, but then charge nothing else. The table below shows your balance B, in dollars, after you have made n monthly payments.
| Payments n | 0 | 1 | 2 | 3 |
|---|---|---|---|---|
| Balance B | 502.00 | 471.88 | 443.57 | 416.96 |
(a) Find an exponential model for the data. (Round the values to two decimal places.)
B = 401.96 ✕ 1.24n
B = 600.00 ✕ 0.78n
B = 458.60 ✕ 0.85n
B = 416.96 ✕ 1.06n
B = 502.00 ✕ 0.94n
(b) What was your initial charge? (Use the model found in part (a).)
$
(c) What will your balance be after you have made payments for 1 year? (Use the model found in part (a). Round your answer to two decimal places.)
$
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