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:
14
Step-by-step explanation:
you have to add 3 to the first of the two numbers. for example 5+3=8 so the answer would be 58, and because you're decreasing each number by 10 you would have to add 1+3=4 so tha answer must be 14.
Answer:
1.5467, 3.348, 3.3487, 3.4897
Step-by-step explanation:
Remember to compare each one number at a time!
For the first number, only one number is 1 while the others are 3 making it the lowest.
Then when comparing 3.348 and 3.3487, it can be implied that there is a 0 at the end of 3.348 because it makes the numbers have the same # of decimal places without changing the value of the number (3.3480). That number is less than 7.
Finally, 3.4897 has a 4 in the tenths place instead of a 3 making it the highest number.
Hope this helps!
