You just obtained a credit card. you immediately purchase a digital camera for $160. your credit limit is $4000. let’s assume that you make no payments and purchase nothing more and there are no other fees. the monthly interest rate is 1.42%. what is the growth factor of your credit card balance? a. 0.0142 c. 14.2 b. 1.0142 d. 1.42

The correct option is b.

Step-by-step explanation:

An exponential function is defined as

Where, a₀ is initial amount of credit purchase, r is interest rate in decimal and t is time in month. Here (1+r) is known as growth factor.

Initial amount of credit purchase is $160.

The growth factor is 1.0142. Therefore the correct option is b.

< coa = 150 ( given)

as ba and bc are tangents

so oc and oa is perpendicular to cb and ab respectively because in circle normal passes through centre

so in quadrilateral oabc

< coa + < oab + < ocb + < abc = 360

150 +90+90 + < abc = 360

330 + < abc = 360

< abc = 360 -330 = 30

so < abc = 30

⭐dhruv⭐