Annual Percentage rate (APR) is calculated by the formula:
APR = 72i / {3P(n+1) + i(n-1)}
where:
i = Interest Rate
P = principal amount borrowed
n = number of months of the loan
Given:
Interest rate = $782.96
Principal amount = $4,000
number of months = 36 months
Substitute the given to the formula:
APR = 72(782.96) / [{3(4000)(36+1)} + {782.96(36-1)}]
APR = 56,373.12 / {444,000 + 27,403.60}
APR = 56,373.12 / 471,403.60
APR = .1196 X 100 ⇒ Multiply by 100 to get the percentage
APR = 11.96% or 12% (c)
Answer:
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Step-by-step explanation:
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Answer:
=−ax+x2−3a+3x
Step-by-step explanation:
Answer:
18.75
Step-by-step explanation:
25% of 75 =
0.25 x 75 =
18.75
Hope that helps!
X+2 < 7
Subtract both sides by 2
x < 5
Any value where x was less than 5 would be correct.
