Jimmy has listed the amount of money in his wallet for each of the last ten days. He decides to remove day 7, as that was payday
1 answer:
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This will help a lot if you go to desmos! Just graph the equation on there! It’s much easier to see on computer
Answer:
6.9%
Step-by-step explanation:
Interest rate is the one variable in an amortization formula that cannot be determined explicitly. An iterative solution is required, which means the computation must be done by a calculator, spreadsheet, or web site.
My TI-84 TVM Solver tells me that for the given loan amount and payment schedule, the APR is about 6.9%.
