The amount of credit card debt that you have can be estimated by the equation where D is credit card debt in dollars m months after you start paying off the credit card. Find and interpret the D- intercept for this equation.
A) . You will pay off your credit card in 3600 months.
B) . You start with $3600 in credit card debt.
C) . You will have completely paid off your credit card in 24 months.
D) . You pay off your credit card at the rate of $24 per month.

Question

The amount of credit card debt that you have can be estimated by the equation  where D is credit card debt in dollars m months after you start paying off the credit card. Find and interpret the D- intercept for this equation.
A) . You will pay off your credit card in 3600 months. 
B) . You start with $3600 in credit card debt. 
C) . You will have completely paid off your credit card in 24 months. 
D) . You pay off your credit card at the rate of $24 per month.

Quizplus · Accepted Answer

The D-intercept is the value of D when m=0, meaning before any months have passed since starting to pay off the credit card. Plugging in m=0 to the equation gives D=3600, which means the starting credit card debt is $3600.

The Amount of Credit Card Debt That You Have Can