Assume that Λ 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:
p = You have a platinum credit card.
b = You have a balance of more than $1,000.
m = You have been a member for at least 10 years.
d = You qualify for the discount loan rate.
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 ((p ⋀ b) m) → d.)
Carla has a balance of $1,245 on her platinum credit card and has been a member for 12 years.
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