Answer:
Multiplication equation 6 t = 54 6t = 54 6t=54 Multiply each side by five.
Not the best, teachers are so annoying lol. Hope you are doing well though, don’t give up❤️
Answer:
It takes 1 year.
Step-by-step explanation:
You have to apply simple interest formula, I = (P×R×T)/100 where I represent interest amount, P is principle, R is interest rate and T is number of years :
In an installment loan, a lender loans a borrower a principal amount P, on which the borrower will pay a yearly interest rate of i (as a fraction, e.g. a rate of 6% would correspond to i=0.06) for n years. The borrower pays a fixed amount M to the lender q times per year. At the end of the n years, the last payment by the borrower pays off the loan.
After k payments, the amount A still owed is
<span>A = P(1+[i/q])k - Mq([1+(i/q)]k-1)/i,
= (P-Mq/i)(1+[i/q])k + Mq/i.
</span>The amount of the fixed payment is determined by<span>M = Pi/[q(1-[1+(i/q)]-nq)].
</span>The amount of principal that can be paid off in n years is<span>P = M(1-[1+(i/q)]-nq)q/i.
</span>The number of years needed to pay off the loan isn = -log(1-[Pi/(Mq)])/(q log[1+(i/q)]).
The total amount paid by the borrower is Mnq, and the total amount of interest paid is<span>I = Mnq - P.</span>
100. When rounding to the hundreds place, you must consider the value of the digit in the tens place. If the digit in the tens place is 5 or greater, the digit in the hundreds place increases by 1. If the digit in the tens place is 4 or less the digit in the hundreds place remains the same. In this case, the number in the hundreds place was originally zero.
