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 maden monthly payments. Payments n 2 3 Balance B 1168.72 923.48 1080.48 998.90 a) Find an exponential model for the data. 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 3 years? (Use the model you found in part a.)
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 maden monthly payments. Payments n 2 3 Balance B 1168.72 923.48 1080.48 998.90 a) Find an exponential model for the data. 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 3 years? (Use the model you found in part a.)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text: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 made n monthly payments.
Payments n
1
2
3
Balance B
1168.72
998.90
923.48
1080.48
a) Find an exponential model for the data.
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 3 years? (Use the
model you found in part a.)
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