Answer:
y=1/2x
Step-by-step explanation:
Answer:
56
Step-by-step explanation:
x/8= 7
Cross multiply
x= 7×8
x= 56
Hence the value of x is 56
To convert the lease factor (also called as
money factor) into the equivalent interest rate, we simply have to multiply it
with 2,400. So we use the formula:
interest rate = 2,400 * lease factor
Therefore,
interest rate = 2,400 * 0.00045
<span>interest rate = 1.08% (ANSWER)</span>