First you need to use the compound interest formula to work out the amount of money he had after those two years. To do this you have to make a multiplier for the 14% and you have to put the number of years to the power of the multiplier and of course you need to times the original amount by the multiplier:
(100+14)/100 = 1.14 (making the multiplier)
1250*(1.14)^2 = 1624.5
Then you divide the 1624.5 by 24 to get the equal payments:
1624.5/24 = $67.6875 (rounded to $67.69)
Richard made payments of $67.69 24 times to pay off the loan he had taken out.
Hope this helps! :)
Bianca because her graph has a bigger slope.
F is the answer
Tri- means 3 raw then the constant is the 3
87% i think but don't hold me to that
you just do 65/5=13% so 13% is missing so you take that from 100 which gives 87
Answer:
x = 66.74715005725
Step-by-step explanation:
First you bring over the added variable. 0.194185, and subtract it from 66. Then you divide your difference by 0.985897. This gives you 66.74715005725
