The monthly payment for loans with no fees is expressed by a formula. The monthly payment equation is expressed as:
P = (P° x r x (1+r)^N) / ((1+r)^N -1)
<span>where P is the monthly payment, P° is the loan amount, r is the APR, N is the number of monthly payments
We substitute the values and manipulate where one side contains the unknown term r.
</span><span>27.50/835 = ( r x (1+r)^36) / ((1+r)^36 -1)
</span>
Using some functions in the calculator we obtain,
r = 9.51 x 10^-3
Thus, the problem above has an APR of 0.95% monthly.
19a: The constant of propotionality is 2, it's the slope of the graph.
19b. The equation is y=2x
Answer:
Please see the attached picture ! :D
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Answer:
For problem 31: 25 counters in the 5th figure, 81 counters in the 9th figure, and 121 counters in the 11th figure.
Step-by-step explanation:
Since in the examples it shows 1 exponent 2, 2 exponent 2, and 3 exponent 2, that means all the rest will have 2 as an exponent. So the fifth figure would be 5 exponent 2, which is 5 times 5 = 25. The 9th figure would be 9 exponent 2, which is 9 times 9 = 81. The 11th figure would be 11 exponent 2, which is 11 times 11 = 121.
Is that all, or do you need answers for #'s 32, 33, and 34?
Answer:
D
Step-by-step explanation:
This is the only reasonable answer