The amount of repayment AT THE END of the first year does not reduce the interest on the loan for the first year.
The interest of 6% per annum compounded monthly
= 12500*[(1+(0.06/12))^12-1]
= 770.97 (to the nearest cent)
Answer:
Step-by-step explanation:
Use the Pythagorean Theorem to find the zeros of 6x² - 9x - 6.
x = [9±√(9²-4(6)(-6))]/[2(6)] = [9±√225]/12 = [9±15]/12 = 2, -½
Anything lower than 5 in rounding turns into a zero. The number your rounding stays the same. Therefore the answer is 6 minutes if rounded to the nearest minute.
Answer:
1/2
Step-by-step explanation:
2 1/4 - 1 3/4 Because the denominator are already the same, all you have to do is make it a mixed number and subtract. To do that you multiply the whole number to the denominator and add that new number to the numerator. So you would then have.
9/4 - 7/4
Keep the denumerator the same and subtract the numerators.
2/4
Then simplify
1/2