The number of payments per year is 12
The number of payments is 36 which means that the term lasted for 3 years.
The total interest is $158.15 and the amount financed is $2500.
The interest rate is
158.15/2500 = 6.33%
In nominal month, that is
(1 + r/12)^12 - 1 = 0.0633
Solve for r
Answer:
1/4
Step-by-step explanation:
Answer:
-2
Step-by-step explanation:
On the number scale, -2 is higher because it is closer to zero and positive numbers than -4.
Answer:
a) 15
Step-by-step explanation:
x+8
substitute x value in
7+8
=15
