Answer:307.2222 or just 307
Step-by-step explanation:
To find that you first need to find what 9% is. You can multiply the number, 2,860 by .09 to find out your answer. That should be equal to 257.40. Since you now have that number, you can multiply it by 36. 257.40 is your average per month and you want to know by 3 years. So then your next step is 257.4*36 (there is 36 months in 3 years) which should be equal to 9,266.40.
General equation: y = mx + c
where m is the slope.
So if there’s a negative sign on mx, it is a negative slope and vice versa.
2.5 yds
C=2πr
d=2r
Solving ford
d=C
π=7.85
π≈2.
I = p * r * n
i is the interest
p is the principal
r is the interest rate per time period
n is the number of time periods.
in your problem:
i = 900
p = 2000
r = what you want to find
n = 3 years
formula becomes 900 = 2000 * r * 3
solve for r to get r = 900 / 2000 / 3 = .15
that's .15 interest rate per year = 15% per year.
at a nominal interest rate of .15 per year, the interest rate per month would be .15/12 = .0125 per month.
the remaining balance at the end of 6 month is equal to 1907.140183