Solve the Problem. -On April 1, the Unpaid Balance in an Account Was

question 94

Multiple Choice

Solve the problem.
-On April 1, the unpaid balance in an account was $232. A payment of $50 was made on April 13. On April 17 a $17 purchase was made. The finance charge rate was 1.75% per month of the average daily balance. Find the new balance at the end of April.

• A)$185.54
• B)$202.67
• C)$235.54
• D)$200.75

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Definitions:

Vertical Line Test

A method used in determining if a graph represents a function, stating that if a vertical line intersects the graph more than once, then the graph is not a function.

Function

An interaction between a collection of inputs and a series of allowed outputs, where each input has a unique output association.

Horizontal Shift

A movement of a graph in the left or right direction along the horizontal axis.