(So “/” will basically mean divide)
450/3000=0.15
0.15*100=15% rate
Guess this is how it should look like, not sure what the instructions on drawing an x through the segments mean, but hope this helps!
Answer:
da first one
Step-by-step explanation:
Answer:
3/4
Step-by-step explanation:
I drew a slope triangle and found the slope by finding the distance between two points on the line.
Hope this helped!
9514 1404 393
Answer:
- $137.90 more each month
- $246.00 less total interest
Step-by-step explanation:
The amortization formula is ...
A = P(r/12)/(1 -(1 +r/12)^(-12t))
for the monthly payment on principal P at annual rate r for t years. Here, we have P=3300, r = 0.14, and t=1, so the monthly payment is ...
A = $3300(0.14/12)/(1 -(1 +0.14/12)^-12) ≈ $296.30
The payment of $296.30 is ...
$295.30 -158.40 = $137.90 . . . more each month
The total amount paid is 12×$296.30 = $3555.60, so 255.60 in interest. This amount is ...
$501.60 -255.60 = $246.00 . . . less total interest
