We cannot simplify it because the denominator does not have a common factor with the numarator.
Answer:
(0,5)
Step-by-step explanation:
Answer:
S=3 R=1
Step-by-step explanation:
3x1+3=6
1+(3x3)=10
3x3=9
9+1=10.
We are given
P = <span>$1,945.61
r = 11.2%
Amin = $156
A = $300
First, we convert the interest to effective monthly terms
i = 11.2%/12 = 0.933%
After one month, the interest saved by paying more than the minimum is
</span>(0.00933) (300 - 156) = $1.35