In the monthly payment formula r is the percentage rate as a decimal.
To turn a percentage into a decimal, move the decimal point 2 places to the left.
5.7% becomes 0.057
Answer:0,4
Step-by-step explanation: are there multiple choice answers because I wasn’t to make sure this answer is correct
Answer:
$872
Step-by-step explanation:
Simple interest = Principle * Rate * Time / 100
= ( 800 * 6 * 18/12 ) / 100
= $ 72
The balance after 18 months = principle + interest
= 800 + 72
= $ 872
Answer:
4
Step-by-step explanation:
hope the diagram helps haha
