The answer is a 12% increase.
The answer is <span>0.43 that is what i got</span>
Equation required for this question:
an • 1.072^n = 14,580
Where a = payment every half year and n = number of half years
There are 12 half years in 6 years.
Therefore n = 12, substitute this.
12a • 1.072^12 = 14,580
12a = 14,580 / 1.072^12
12a = 6,330~
a = 527.5 ~
Hey there! :D
So for this problem, we would do 20+9 x 40 + 7 which equals 1,363.
Hope it helps! :D
the answer will be A. its the right answer
