The average payment made on a credit card account for late fees can be modeled by the equation y=12+1.6x2/1=+0.04x2 where x is the numbers of years since 1994. What was the average amount paid in late fees in 2000? round your answer to the nearest dollar.
Added by James L.
Step 1
The problem states that x is the number of years since 1994. So in 2000, x would be 2000 - 1994 = 6. Show more…
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