What is the difference between 7/8 and 6/7?
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The principal loan amount will be 250000. P is denoted by the principal loan amount
<h3> What is the amount?</h3>The complete repayment of money at the end of the period for which it was borrowed is referred to as the amount.
The given data in the problem is;
P is the principal loan amount
r is the rate of interest = 2.49%
n is the time period= of 30 years
The formula for the principal loan amount is found as;
Hence the principal loan amount will be 250000.
To learn more about the amount, refer to the link;
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A rational number is a number which can be expressed as a fraction whose numerator and denominator are both integers and whose denominator is not equal to zero. Rational numbers include all integers, fractions, mixed numbers, and some decimal numbers.
Note : All terminating and repeating decimal numbers are rational numbers because those numbers can be expressed as a fraction. On the other hand, a non repeating number and non terminating decimal, like square root of 2, is an irrational number.
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Step-by-step explanation:
minimum In mathematical analysis, the maxima and minima of a function, known collectively as extrema, are the largest and smallest value of the function, either within a given range, or on the entire domain.
