ALGEBRA 2Exam 7continued Student Number Students Name Kayla

ALGEBRA 2-Exam 7-continued Student Number Student\'s Name Kayla has a balance of $1479 on her credit card. Since she is unable to pay off the balance in full at the end of the month, the credit card company will charge her 2% interest per month on the outstanding balance at the end of each month. She plans on paying SX each month until the card is paid off in full. 27. Write a recursive rule for Kayla\'s credit card balance a, after the credit card company charges her the monthly interest. 28. To the nearest dollar, find the value of X that will hold the card balance steady at $1479 after interest. Kayla is considering whether to pay the card off at a rate of $65 per month or $130 per month. For each monthly payment, find the number of months required to pay the card off in full, and the total amount paid. (Hint: you may wish to use your calculator or a spreadsheet program.) 29. Monthy Months to Total Paid $65 $130 Payment Off

Solution

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