The loan proceeds will be given as follows:
A=P(1+r/100)^n
Plugging the values we obtain
n=4 months=
A=1000(1+12/3*100)^1
A=$1040
hence the proceeds will be:
1040-1000=$40
Answer:
slope: -11/7
Step-by-step explanation:
Slope is equal to the change in yy over the change in xx, or rise over run.
m=change in ychange in xm=change in ychange in x
The change in xx is equal to the difference in x-coordinates (also called run), and the change in yy is equal to the difference in y-coordinates (also called rise).
m=y2−y1x2−x1m=y2-y1x2-x1
Substitute in the values of xx and yy into the equation to find the slope.
m=19−(8)−9−(−2)m=19-(8)-9-(-2)
Simplify.
m=−11/7
You're answer is 2 5/8. To find a mixed number, you take an improper fraction, (such as 21/8), and you divide the numerator by the denominator. Now, you take the remainder and that will be your new numerator, and the divisor will be your denominator. Example:
__2___ Answer: 2 5/8
8 I 21
-16
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5
