Answered

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Janie got a loan to help pay for her college tuition. The bank told her that if she paid a certain amount
each month her loan value could be modeled by the expression 18,000(0.98) x , where x represents the
number of months she has made a payment. Which is the correct representation of the 0.98 in the
expression?
A. The loan amount started at 98% of $18,000.
B. The amount owed is decreasing in value by 2 percent each month.
C. The amount owed is increasing in value by 2 percent each month.
D. The amount owed is changing by 0.02 percent each month.

Sagot :

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