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 m- intercept for this equation.
A) . You pay off your credit card at the rate of $150 per month.
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 m- intercept for this equation.
A) . You pay off your credit card at the rate of $150 per month. 
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 m-intercept for this equation is when D = 0, meaning you have completely paid off your credit card. Therefore, the m-intercept occurs when 11ec19db_84a8_31ad_9dbe_a570a8b8b6c0_TBX8673_11 = 0. Solving for m, we get m = 24. This means that after 24 months of paying off your credit card, you will have completely paid it off (assuming no additional charges are made).

The Amount of Credit Card Debt That You Have Can