Well, if you just divide 4000 by 50, you can see that the answer will come out as:
<em><u>80
</u></em>~TO check: 80 multiplied by 50 would come out to the answer of 4,000.
<em>~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~</em><em><u>
</u>Hope this helped! :D</em>
The formula for the amount of a monthly payment A on principal amount P at interest rate i loaned for t years is given by
... A = P(i/12)/(1 -(1 +i/12)^(-12t))
Filling in the given values, this is
... A = $204000(.05/12)/(1 -(1 +.05/12)^(-12·20)) ≈ $1346.31
Answer:
14.8
Step-by-step explanation:
If you are allowed a calculator, the formula to find the percentage is found by multiplying the percentage by the whole number. For example, when you put in the calculator, 18.5% x 80= 14.8
14.8 being your answer. I hoped this helped!
