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kumpel [21]
4 years ago
9

Can someone explain this to me? I don't understand how they got from what I labeled 1 to what is labeled 2. Where did the 1/3 co

me from?

Mathematics
2 answers:
bixtya [17]4 years ago
4 0

Answer:

see attached

Step-by-step explanation:

see attached

worty [1.4K]4 years ago
3 0

Step-by-step explanation:

Using exponent rules:

3^(n+1) = 3^(n) 3^(1)

So:

3^n / 3^(n+1)

= 3^n / (3^n × 3)

= 1 / 3

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3 years ago
With a beginning balance of $2500 and no additional charges, there is no grace-period, you will just pay the minimum payment eac
valkas [14]

Answer:

a = $31.23 per month

b = $20.83 per month

c = 249.98 = $249.98 interest charges

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d = 35.35%

e = Answer is in the name; basic payment is a contract which means whilst account remains open charges are requested without fail. Should balance be less or on zero, charges are still applied.

Step-by-step explanation:

2500 x 1.2499 = interest only for start month 13 =3124.75

3124.75/ 100 x 1.08   = 8% of this = 249.98 each year.

We only have to divide each by 12 to work out monthly individual charges and subtract to find out payments.

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249.98/12 = 20.83 = monthly charges.

3124.75- 2500 = 624.75 payments each year

624.75/12 = 52.06 month 1 payment before charge

52.06-20.83 =31.23 total minimum payment

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Percentage = 200:600 = 1/3 33% + (comparing to ratio 10:25 closer to 40%)

We find ratio 200:600= 33.33 + 49.995/24.75 = 2.02

33+2.02 = 35.35%

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