. Credit Card Delinquency Rate The credit card delinquency rate stood at 5.7% at the beginning of 2010. It was declining at the rate of R(t) = 0.150975e¬0.02754 (0

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Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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54. Credit Card Delinquency Rate The credit card delinquency rate stood at 5.7% at the
beginning of 2010. It was declining at the rate of
R(t) = 0.150975e 0.0275£
(0 <t < 24)
percent t months later. What was the credit card delinquency rate at the beginning of 2012?
Transcribed Image Text:54. Credit Card Delinquency Rate The credit card delinquency rate stood at 5.7% at the beginning of 2010. It was declining at the rate of R(t) = 0.150975e 0.0275£ (0 <t < 24) percent t months later. What was the credit card delinquency rate at the beginning of 2012?
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