Question
The balance owed on your credit card doubles from $1000 to 2000 in 4 months. If your balance is growing exponentially, how much longer will
The balance owed on your credit card doubles from $1000
to 2000 in 4 months. If your balance is growing exponentially, how much longer will it be until it reaches $4000?
Select the correct choice below and, your choice.
A.
It will be 8
months because the balance increases by $1500 every 4
months.
B.
It will be 4
months because the balance increases by $2000
every three months.
C.
It will be 4
months because the balance doubles every 4
months, and 4000
is twice as much as $2000.
D.
It will be 12 months because $1000 has to double three times to become $4000.
E.
It will be 12 months because the balance increases by $1000 every 4 months, and $4000 is $3000
more than $1000.
F.
It will be 8 months because it takes 4 months to reach $2000 and another 4
months to reach $4000.
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