What is 9.5% in a decimal

2 answers:

5 0

Percentage means 'out of 100 100 '. Convert the decimal number to a fraction by shifting the decimal point in both the numerator and denominator. Since there is 1 1 number to the right of the decimal point, move the decimal point 1 1 place to the right.

Colt1911 [192]2 years ago

5 0

The answer to your question is .095

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You want to buy a new sports car from roy's cars for $51,800. the contract is in the form of a 48-month annuity due at an apr of

qwelly [4]

The present value of an annuity is given by

$PV= P\left(\frac{1-\left(1+ \frac{r}{t}\right)^{-nt} }{ \frac{r}{t} } \right)$

where: PV is the current value of the annuity, P is the periodic payment, r is the apr, t is the number of compounding in one year and n is the number of years.

Thus, given that PV = $51,800; r = 7.8% = 0.078; t = 12; n = 4.

$51,800= P\left(\frac{1-\left(1+ \frac{0.078}{12}\right)^{-4\times12} }{ \frac{0.078}{12} } \right) \\ \\ =P\left(\frac{1-(1+ 0.0065)^{-48} }{ 0.0065 } \right)=P\left(\frac{1-(1.0065)^{-48} }{ 0.0065 } \right) \\ \\ =P\left(\frac{1-0.7327}{ 0.0065 } \right)=P\left(\frac{0.2673}{ 0.0065 } \right)=41.12P \\ \\ \Rightarrow P= \frac{51,800}{41.12} =\$1,259.73$

Therefore, the <span>monthly payment is $1,259.73</span>

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How do you workout the fraction 3/4 + 1/8

Svetradugi [14.3K]

Answer:

The LCM for 4 and 8 is 8. Add both numerator and rewrite it in a single form. By using LCM method, 7/8 is the equivalent fraction by adding 3/4 and 1/8.

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