Question

A premier credit card has an initiation fee that provides you with the privilege to use it and a monthly fee after the first two months. The initiation fee is $62 and the monthly fee is $30 per month after the first two months. If C represents the cost and g represents the total number of months, which equation could represent this plan when you have this card for more than two months?

A. C = 30 + 62(g-2)
B. C = 30 + 62(2-g)
C. C = 62 + 30(g-2)
D. C = 62 + 30(2-g)

Answer 1

The correct option is C.

Explanation:

To have this credit card there is two fees, one that is fixed payed upfront and other that is payed after the second month. The fixed fee costs $62, and doesn't escalate with time, while the other one is $30 and starts to be charged after the second month. Therefore, the total cost of the card is the fixed fee plus the monthly fee multiplied by the number of months the user had the card subtracted by two, or as shown below:

`C(g) = 62 + 30*(g-2)`

The correct option is C.