Step-by-step explanation:
the median is the value, where half of the other values is smaller (or equal), and the other half bigger (or equal).
with an even number of data points that is not directly possible to find.
in this case the 2 middle values are taken and their mean value is the median.
in our case, the 2 middle values are 12 and 14.
their mean value is
(12+14)/2 = 26/2 = 13
so,
13 is the median (even though if is not a data point itself).
What is the denominator of your current number?
Answer:
It will take approximately 25 months
Step-by-step explanation:
The amount owed on the credit card statement, P = $2,000
The interest rate of the credit on the credit card, r = 18.9%
The minimum monthly payment made, M = $100
The equal monthly installment formula is given as follows;
Therefore, we get;
100×1.01575ⁿ - 100 = 31.50×1.01575ⁿ
100×1.01575ⁿ - 31.50×1.01575ⁿ = 100
68.5×1.01575ⁿ = 100
1.01575ⁿ = 100/68.5
n = ln(100/68.5)/ln(1.01575) ≈ 24.21 (which is approximately 25 months, by rounding up to the nearest whole number)
Therefore, it will take approximately 25 months to pay off the credit card debt
I think I would be 1235678.....But I'm not sure... Hope this was helpful