What is the formula used for calculating the Annual Percentage Rate (APR)?
1 answer:
Answer:
Step-by-step explanation:
Annual percentage Rate (APR) is the rate charged annually for borrowing money or money earned through investment.
The formula used to find APR is:
Where Interest= Total amount paid over the life of loan
Principal = Amount of Loan Taken
n= No of days loan is to be returned.
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Here we can see that the blue line cuts exactly half way through the angle that the black line makes with x axis
That is all the x values are halved
Which implies all the x value of the black line are divided by 2 to form the points on the blue line
so that give us the function
The solution of the equation is
Step-by-step explanation:
To simplify an equation of x
- Simplify each side of the equation
- Collect x in side and the numerical terms in the other side
- Find the value of x
∵ The equation is
- Multiply all terms of the equation by 4 to cancel the denominator
of the 2nd term in the left hand side
∵ The equation is
∴ 8x + (1 - x) = 12
∴ 8x + 1 - x = 12
- Add like terms
∴ (8x - x) + 1 = 12
∴ 7x + 1 = 12
- Subtract 1 from both sides
∴ 7x = 11
- Divide both sides by 7
∴
The solution of the equation is
Learn more:
You can learn more about the solution of an equation in brainly.com/question/11306893
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