Question

A credit card company uses these rules to calculate the minimum amount owed: For a bill of less than $100, the entire amount is due. For a bill of at least $100 but less than $500, the minimum due is $100. For a bill of at least $500 but less than $1,000, the minimum due is $300. For a bill of $1,000 or more, the minimum due is $500. Which graph shows the minimum amount due for a credit amount of x (given that the credit limit is $2,000). A. graph A B. graph B C. graph C D. graph D

Answer 1

B. graph B

Explanation:

The graphs of A,B,C and D are attached below.

Let x represent the credit amount and y represent the minimum amount due.

For a bill of less than $100, the entire amount is due. That is for 0 ≤ x < $100, y = x

For a bill of at least $100 but less than $500, the minimum due is $100. That is for $100 ≤ x < $500, y = 100

For a bill of at least $500 but less than $1,000, the minimum due is $300. That is for $500 ≤ x < $1000, y = $300

For a bill of $1,000 or more, the minimum due is $500. But the credit limit is $2000. That is For $1000 ≤ x < $2000, y = $500

The graph that shows the minimum amount due for a credit amount of x is graph B