Victor hernandez has a credit card that bases its finance charge on the average-daily-balance method-new purchases included. his monthly periodic rate is 2.9% and his finance charge for the most recent billing cycle was $37. find his average daily balance.

The appropriate formula is

... (finance charge) = (periodic rate) × (average daily balance)

Fill in the given numbers and solve.

... $37.00 = 0.029 × (average daily balance)

... $37.00/0.029 = (average daily balance) ≈ $1275.86

10/60

step-by-step explanation:

if you divide 10 by 60 the answer is 0.166666 while if you divide or solve the other problems it equals 0.6

the correct answer is b. negative exponential growth.

step-by-step explanation:

you can tell it's an exponential function because it decreases rapidly then levels out and never touches the x-axis.

it is negative because the y-axis decreases as the x-axis increases.

therefore it is a negative exponential growth graph.

hope i !