3.01 is the decimal notation for 3 1/100. You keep the three in the ones place. 1/100 is a decimal. If you use long division or a calculator, you can see that 1/100 is 0.01.
Since only the principal value, interest rate and interest period are given, we can deduce that "finance charge" only includes the interest to be paid at the end of the term. This can be obtained by subtracting the principal value from the future value which we will solve for.
The future value can be solved by using the following compound interest formula:
Let:
F = Future value
P = Principal value
r<span> = annual interest rate </span>
n<span> = number of times that interest is compounded per year</span>
t<span> = number of years</span>
F = P(1 + r/n)^nt
Substituting the given values:
F = 4250(1 + 0.1325/12)^(12*2)
F = 5531.54
Subtracting P from F:
Finance charge = 5531.54 - 4250 = 1281.54
Therefore the finance charge is $1,281.54
Answer: L=90-10t
0-90
1-80
2-70
3-60
Step-by-step explanation:
that should be right lol
because it decreases by ten a week so just count down by ten each week. Then, you can make the equation 90-10t and if you substitute each week for t it is true.
90-10(0)=90-0=90
90-10(1)=90-10=80
and so on...
Answer:
Yes
Step-by-step explanation:
-9 is a rational number
