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>
I think the answer you are looking for is 99%.
100 + 10% = 110. 110 - 10% = 99. that’s how i got 99.
Usually, we use the number line to solve inequalities with the symbols,
<
,
≤
,
>
, and
≥
.(the second and last one was rather hard to find on my keyboard) In order to solve an inequality using the number line, though, just turn
the inequality sign to an equal sign. Then, solve the equation. Next step,
graph the point on the number line (remember to graph as an open circle if the
original inequality was <, or >). The number line should now be
divided into 2 regions, one to the left of the graphed point, and one to the
right of said point.
After that, pick a point in both regions and "test" it, check to see if it satisfies
the inequality when plugged in for the variable. If it does, draw a darker line from the point into that region, with an
arrow at the end. That is the solution to the equation: if one
point in the region satisfies the inequality, the entire region will
satisfy the inequality.
I had to check back in an old textbook to remember all of that. Sorry about the earlier answer. That was rather foolish to do so without actually understanding the question.
Answer:
x=0
Step-by-step explanation:
Cancel -8 on both sides.
3x=−x
Subtract -x from both sides.
3x+x=0
Simplify 3x+x to 4x.
4x=0
Divide both sides by 4
x=0
Brainliest please!
Answer:
(2,2)
Step-by-step explanation:
The lines cross in quadrant 1(the top right), so both x and y have to be positive.
