In Exercises 75 and 76, assume that a credit card company has the following policy:
If you have a platinum credit card with an outstanding balance of more than $1,000, or you have been a member for at least 10 years, then you qualify for the discount loan rate.
Represent the conditions stated in this policy as follows:
Based on the partial information given, what can you deduce about each situation? Explain your thinking. (Hint: Recognize that the policy can be written in symbolic form as
Jamie is a platinum credit card member and has an outstanding balance of $750. He does not qualify for the discount loan rate.
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