You have just graduated from college and purchased a car for $7000. your credit limit is $12,000. assume that you make no payments and purchase nothing more and that there are no other fees. the monthly interest rate is 8%. what is the growth factor of your credit card balance?

1.08

Step-by-step explanation:

We know that the growth factor of credit card is given by :-

Given: The monthly interest rate = 8%

In decimal , the monthly interest rate is given by :-

Now, the growth factor of your credit card balance is given by :-

Hence, the growth factor of your credit card balance =1.08

answer: 0,6

step-by-step explanation:

this would make it the y intercept.

c

step-by-step explanation: