The annual interest rate is 20.4% which is a 20.4/12 = 1.7% monthly rate.
1.7% = 0.017
-------------------------------------------------
Month 1:
interest = 0.017*(current balance)
interest = 0.017*(1045.87)
interest = 17.77979
interest = 17.78
---------
principal = payment - interest
principal = 490 - 17.78
principal = 472.22
---------
new balance = (old balance) - principal
new balance = (1045.87) - 472.22
new balance = 573.65
at the end of month 1, the balance is $573.65
So far, you have paid $490
-------------------------------------------------
Month 2:
interest = 0.017*(current balance)
interest = 0.017*(573.65)
interest = 9.75205
interest = 9.75
---------
principal = payment - interest
principal = 490 - 9.75
principal = 480.25
---------
new balance = (old balance) - principal
new balance = (573.65) - 480.25
new balance = 93.40
At the end of month 2, the balance is $93.40
So far, you have paid 490+490 = 980 dollars
-------------------------------------------------
Month 3:
The current balance of $93.40 is less than $490, so we don't have to pay the full $490. We can simply pay off the remaining balance.
Add this to the current total paid amount so far to get 980+93.40 = 1,073.40
I'm not sure if I made a rounding error somewhere or if there is a typo. The closest answer choice I see is choice B. So I'm thinking the answer is choice B. I'd get a second opinion or ask the teacher on this one.
The given answer should be "3/2", its because "32" is not possible in anyway..
tan C = sin C / cos C
Where sin C = 3 / 3.61
And
cos C = 2 / 3.61
Now
tan C = (3 / 3.61) / (2 / 3.61) = (3 / 3.61) x (3.61 /
2) = 3 / 2
<span>Thus tan C is the correct choice. </span>
C parallel angles never intersect
Answer:
A'
Step-by-step explanation:
i think it is, sorry if im wrong
The amount of money in the account after t years is given by the function
We want to evaluate how much money would be in your account after the third year, to do it we must put t = 3 in our function, then
And we can approximate to