Jacki plans to pay for the down payment of a new car with her credit card. The annual interest rate for her credit card is 17%. The following expression represents the balance of the credit card, in dollars, after t years. 2,250(1.17)^tWrite an exponential expression in the form (b)c that reveals the monthly interest rate of Jacki's credit card. Round any decimals to the nearest thousandth.

Given that the annual interest rate of Jacki's credit card is 17%, then the exponential expression that reveals the monthly interest rate of Jacki's credit card is given by:

[tex]2,250\left(1+\frac{0.17}{12}\right)^{12t}=2,250(1+0.014)^{12t} \\ \\ =\bold{2,250(1.014)^{12t}}[/tex]