Answer:
B
Step-by-step explanation:
It is one hundred times greater, 7000= 70 x 100
9514 1404 393
Answer:
3.4%
Step-by-step explanation:
The total amount due is ...
A = P(1 +rt/12) . . . . . principal P, annual rate r, t months
33829.50 = 28500(1 +66/12r)
1.187 = 1 +5.5r . . . . . divide by 28500, simplify
0.185/5.5 = r = 0.034 = 3.4%
The interest rate on the loan is 3.4%.
So, 4.01 is less than 4.1. Think of it as 4.10 and 4.01, 1 is less than 10. One you could have put is 4.101, because it is more than 4.1 and less than 4.11
