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10 Nov 2019
Please explain your answer. This is a math modelingproblem.
2. (Page 77/17) (3 points) Suppose that someone always carries an unpaid balance on a certain credit card. Each month the credit card company charges 1% interest on unpaid balance, and the person pays off 10% of that previous balance. Also during each month another s200 is charged on the credit card. (a) create a model to represent the monthly unpaid balance Un (b) What level will the unpaid balance gradually approach?
Please explain your answer. This is a math modelingproblem.
2. (Page 77/17) (3 points) Suppose that someone always carries an unpaid balance on a certain credit card. Each month the credit card company charges 1% interest on unpaid balance, and the person pays off 10% of that previous balance. Also during each month another s200 is charged on the credit card. (a) create a model to represent the monthly unpaid balance Un (b) What level will the unpaid balance gradually approach?
Irving HeathcoteLv2
14 Feb 2019