Well 746÷40=18.65 so would that be 18?
Answer: P = $ 1,998.01
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 24%/100 = 0.24 per year,
putting time into years for simplicity,
1 months ÷ 12 months/year = 0.083333 years,
then, solving our equation
P = 39.96 / ( 0.24 × 0.083333 ) = 1998.007992032
P = $ 1,998.01
The principal required to
accumulate interest of $ 39.96
on a rate of 24% per year for 0.083333 years (1 months) is $ 1,998.01.
Answer:
A. $3,984
Step-by-step explanation:
The amount of interest is computed from ...
I = Prt
For the given values, the interest is ...
I = $3600×0.08×(16/12) = $384
Then the total amount that needs to be repaid is ...
Principal + Interest = $3600 +384 = $3,984
_____
The time period is 16 months, so is 16/12 years.
The time periods of the interest rate and "t" in the formula must match. If the interest rate is an annual rate, then "t" is in years. If the interest rate is a monthly rate, then "t" is the number of months.
Answer:
No, I don't think so.
Step-by-step explanation:
Answer:
Well Where are the graphs
Step-by-step explanation:
