Answer:
59
Step-by-step explanation:
Answer:
0.0325
Step-by-step explanation:
3.25% = 3.25 over 100 or,
3.25%=3.25100
3.25 over 100 is the same as 3.25 divided by 100. Completing the division we get:
3.25 ÷ 100 = 0.0325
Therefore, we have shown that
3.25% = 0.0325
Answer:
19
Step-by-step explanation:
I believe it’s c/100.
2=20
10 divided by 2 = 5.
Multiply 5 by 20. That equals 100.
Interest depends a lot on the compounding period.
Since the period is exactly 4 months, we assume
APR=8%
monthly interest=8/12%=0.00666667
Interest due in 4 months
=7000[(1+0.08/12)^4-1]
=7000[0.0269345]
=$188.54