Minimum Payments for Credit Cards Holders of credit cardsissued by banks, department stores, oil companies, and so onreceive bills each month that state minimum amounts thatmust be paid by a certain due date. The minimum due dependson the total amount owed. One such credit card company usesthe following rules: For a bill of less than $10, the entire amountis due. For a bill of at least $10 but less than $500, the minimumdue is $10. A minimum of $30 is due on a bill of at least $500but less than $1000, a minimum of $50 is due on a bill of atleast $1000 but less than $1500, and a minimum of $70 is dueon bills of $1500 or more. Find the function f that describes theminimum payment due on a bill of x dollars. Graph f.
Minimum Payments for Credit Cards Holders of 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 payment due on a bill of x dollars. Graph f.
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