Your monthly payment, C(s, t), on a car loan depends on the amount, s, of the loan (in thousands of dollars), and the time, t, required to pay it back (in months).Is C an increasing or decreasing function of t?
A)Decreasing
B)Increasing

Question

Quizplus · Accepted Answer

C is a decreasing function of t because as the time, t, to pay back the loan increases, the monthly payment, C, generally decreases since the loan amount is spread over more months.

Your Monthly Payment, C(s, T), on a Car Loan Depends