Answer:
7 is the answer you're looking for
In an installment loan, a lender loans a borrower a principal amount P, on which the borrower will pay a yearly interest rate of i (as a fraction, e.g. a rate of 6% would correspond to i=0.06) for n years. The borrower pays a fixed amount M to the lender q times per year. At the end of the n years, the last payment by the borrower pays off the loan.
After k payments, the amount A still owed is
<span>A = P(1+[i/q])k - Mq([1+(i/q)]k-1)/i,
= (P-Mq/i)(1+[i/q])k + Mq/i.
</span>The amount of the fixed payment is determined by<span>M = Pi/[q(1-[1+(i/q)]-nq)].
</span>The amount of principal that can be paid off in n years is<span>P = M(1-[1+(i/q)]-nq)q/i.
</span>The number of years needed to pay off the loan isn = -log(1-[Pi/(Mq)])/(q log[1+(i/q)]).
The total amount paid by the borrower is Mnq, and the total amount of interest paid is<span>I = Mnq - P.</span>
31/18 is the answer.
To solve, find the common denominator. In this case, I used 54. You need to multiply each fraction to get 54 on the denominator of both.
The amount of money Blake have in the end is 3560 + (2740 - x)
In the game Amanda had $2740 in play money and Blake had $3560 in play money.
Amanda had to give some money she possessed.
Let
what remains after Amanda gave the money = x
Therefore, Blake will have the following money at the end .
The amount she gave to Blake = (2740 - x)
Blake money = 3560 + (2740 - x)
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Answer:
The product of any rational number and any irrational number will always be an irrational number.
Step-by-step explanation:
