Minimum Payments for Credit Cards Holders of a credit cards issued by banks, department stores, oil companies, and so on, receive bills each month that state minimum amounts that must be paid by a certain due date. The minimum due depends on the total amount owed. One such credit card company uses the following rules: For a bill of less than $10, the entire amount is due. For a bill of at least $ 10 but less than $ 500 , the minimum due is $10. A minimum of $30 is due on a bill of at least $500 but less than $1000, a minimum of $50 is due on a bill of at least $1000 but less than $1500, and a minimum of $70 is due on bills of $1500 or more. Find the function f that describes the minimum payments due on a bill of x dollars. Graph f .
Minimum Payments for Credit Cards Holders of a credit cards issued by banks, department stores, oil companies, and so on, receive bills each month that state minimum amounts that must be paid by a certain due date. The minimum due depends on the total amount owed. One such credit card company uses the following rules: For a bill of less than $10, the entire amount is due. For a bill of at least $ 10 but less than $ 500 , the minimum due is $10. A minimum of $30 is due on a bill of at least $500 but less than $1000, a minimum of $50 is due on a bill of at least $1000 but less than $1500, and a minimum of $70 is due on bills of $1500 or more. Find the function f that describes the minimum payments due on a bill of x dollars. Graph f .
Solution Summary: The author explains how the function y=f(x) describes the minimum payment due on a bill of x dollars.
Minimum Payments for Credit Cards Holders of a credit cards issued by banks, department stores, oil companies, and so on, receive bills each month that state minimum amounts that must be paid by a certain due date. The minimum due depends on the total amount owed. One such credit card company uses the following rules: For a bill of less than $10, the entire amount is due. For a bill of at least
$
10
but less than
$
500
,
the minimum due is $10. A minimum of $30 is due on a bill of at least $500 but less than $1000, a minimum of $50 is due on a bill of at least $1000 but less than $1500, and a minimum of $70 is due on bills of $1500 or more. Find the function
f
that describes the minimum payments due on a bill of
x
dollars. Graph
f
.
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