9.77 to the nearest tenths
first, find the number that is in the tenths place....it is 7....now look at the number directly to the right of it....if that number is 5 or greater, u would round that 7 up to an 8...but if that number is 4 or below, ur 7 would stay the same.
So the number directly to the right of 7 is 7...and since it is greater then 5, u have to round the 7 in the tenths place up to 8.
solution is : 9.8
Find how much interest is earned for one year: $3000 x .015 = $45
Use that answer to find how much interest is earned for 15 years: $45 x 15 years = $675
Add original investment to interest for balance: $3000 + $675 = $3675
This question can be approached using the present value of annuity formula. The present value of annuity is given by

, where: PV is the present value/amount of the loan, P is the periodic (monthly in this case) payment, r is the APR, t is the number of payments in one year and n is the number of years.
Given that the<span> financing is for a new road bike of $2,500 and that the bike shop offers a 13.5% APR for a 24 month loan.
Thus, PV = $2,500; r = 13.5% = 0.135; t = 12 payments (since payment is made monthly); n = 2 years (i.e. 24 months)
Thus,
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Therefore, his monthly payment is $119.44</span>