Answer:
During the non-payment period of 4.5 years, Rich will accrue interest of $1,525.095.
Step-by-step explanation:
As he knows that he has option of beginning repayment of the loan in 4.5 years at the so at rate of 4.29% of $7,900 interest will be:
After first year: 4.29% of 7900
![=\frac{4.29}{100}*7900\\ =338.91](https://tex.z-dn.net/?f=%3D%5Cfrac%7B4.29%7D%7B100%7D%2A7900%5C%5C%20%3D338.91)
So, after the tenure of 4.5 years, to find total interest, the interest will be multiplied by 4.5:
=338.91*4.5
=1525.095
Answer:
Distribute
Subtract
two from both sides of the equation
Simplify
and that's your solution
which should be t=4
Step-by-step explanation:
Independent variable influences the dependent variable
in f(x), f(x) is dependent on the vale of x
x is independent variable