Question 2 . Uh oh! Alex neglected to make his payment on time. As a result, the bank charged him a $20 late fee. The total amount Alex ending up paying the bank was $238. Had he paid cash, the game console would have cost him credit card cost him? $211.94. How much did using a Calculating Answer mount paid to bank Note Use the STANDARD calculator for helps (Watch out! The bank includes the late fee in the outstanding balance, which means Alex will have to pay . interest on that amount too!) $22.06 Amount paid if Alex Cost for using credit card

answer: c, the green line

step-by-step explanation:

there is no black line, eliminate b.

simple interest implies periodic payments, but the red line shows no payments, eliminate d.

simple interest has equal payments. if paid say every day, the graph is about a straight line (actually a stairstep).

the yellow line is not straight, eliminate a.

check: the green line is straight, answer is c.

simple interest with positive interest rate gives a straight line sloping up to the right. green line:

g(t) = $100 + ($200-$100) ÷ (20 years) × (t years)

= $100 + (4%/year) × ($100)(t years)

incidentally, the yellow line curving upward represents continuously compounded interest

y = $100 × 2^(t years / (14 assuming the yellow line hits $200 at 14 years. 2^0 is 1, so y(0) = $100; 2^(14/14) is 2, so y(14) = $200.

cross multiplying, we get :

⇒ (3) × (5) = (9) × (x)

⇒ 15 = 9x

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provide more details to solve it

step-by-step explanation: