Answer:
so rate is 4.72 %
Step-by-step explanation:
Given data
time (t) = 5 year = 5×4 = 20 quarterly
amount = $27456
principal = $1225
to find out
interest rate (r)
solution
we use here amount formula that is
amount = principal (
-1 ) / r .....................1
put all value principal , amount and time in equation 1 and we get rate
rate is r/4 because it is quarterly payment
amount = principal (
-1 ) / r/4
27456 = 1225 (
-1 ) / r/4
( -1 ) / r/4 = 27456/ 1225
(
-1 ) / r = 27456/ (1225 × 4)
( -1 ) = r 27456/ (1225 × 4)
now by the tvm solver and amount $27456
graph value
we get r = 0.0472
so rate is 4.72 %
Answer:
You can determine this by putting the rational numbers in decimal form.
Step-by-step explanation:
A rational number like 1/2 will have a terminating decimal answer = 0.5
A rational number like 7/11 will have a terminating decimal answer = 0.636 where 36 is repeating.
Answer:
.667
Step-by-step explanation:
4/6 = 2/3 = .667
28 + 39 + x = 180
67 + x = 180
x = 113
113 + y = 180
y = 67
64 + 67 + z = 180
131 + z = 180
z = 49
