So you convert the fraction into a decimal then multiply it by 100 so the percentage would be 180%
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>
Answer:yes
Step-by-step explanation:
Answer:
x = -3/14
Step-by-step explanation:
1/2(2x-1) = -1/7 -4/7
Combine like terms
1/2(2x-1) = -5/7
Multiply each side by 2
2*1/2(2x-1) = -5/7*2
2x-1 = -10/7
Add 1 to each side
2x-1+1 = -10/7 +1
2x = -10/7 +7/7
2x = -3/7
Divide by 2
2x/2 = -3/7 *1/2
x = -3/14
Answer:
Y=500x+75
Step-by-step explanation:
