Saint Paulne Apoten ts0. Kyle used the equation y = 300(1.09)* , where x represents months and y represents the amount ne owes, topredict how much he has to pay on his credit card bill if he does not make any payments each month.a. What is Kyle's original credit card bill?b. What is the interest rate on his credit card?С.How much money will Kyle owe if he does not pay off his balance for 6 months?9. The population of the deer on Walla Walla Island doubles every year. The island began with 8 deer.Write a function that models the change in the animal population:a.b. How many deer will there be after 5 years?How many deer will there be after 10 years?С.

Answered: 8. Kyle used the equation y = predict…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Saint Paul
ne Apote
n ts
0. Kyle used the equation y = 300(1.09)* , where x represents months and y represents the amount ne owes, to
predict how much he has to pay on his credit card bill if he does not make any payments each month.
a. What is Kyle's original credit card bill?
b. What is the interest rate on his credit card?
С.
How much money will Kyle owe if he does not pay off his balance for 6 months?
9. The population of the deer on Walla Walla Island doubles every year. The island began with 8 deer.
Write a function that models the change in the animal population:
a.
b. How many deer will there be after 5 years?
How many deer will there be after 10 years?
С.

Expert Solution

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"Since you have asked multiple question, we will solve the first question for you. If you want any specific question to be solved then please specify the question number or post only that question".

8 a :

If in the equation

$y = 300 {(1.09)}^{x}$

y represents the amount Kyle owns on his credit card bill and x is the number of months then it is sure that $300 is the total original credit card bill because rate is applied to the original bill by considering the number of month that means interest rate is raised to the number of months.

So, $300 is the original credit card bill.

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