Answer:6.5
Step-by-step explanation:35-15=20, 20-12=8, 8-1.50=6.5
8 and 5 multiply to 40 but subtract to 3.
Answer:
<u>$71.33</u>
Step-by-step explanation:
An automobile warranty costing = $856
It is required to make 12 equal payments
So, we need to divide $856 over 12
So, the average payment = 856/12 = $71.33
Answer:
Nominal Interest Rate: Does not consider inflation provides a sense of purchasing power
Real Interest Rate: It describes the stated interest rate on an account and also considers inflation
Step-by-step explanation:
Real interest rate can be defined as the Nominal interest rate minus the inflation rate.
Nominal Interest Rate is the interest rate without taking into account the inflation
