The amount of money borrowed is $ H
Time for borrowing is 25 years
Amount paid per month M
Amount paid per year 12M
Interest rate paid=I
Let the payment method be simple interest method, then:
I=(PRT)/100
plugging in our values we have:
I=(H×R×M)/100
hence:
I=HRM/100
Answer:
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Step-by-step explanation:
Answer:
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Step-by-step explanation:
Answer:
Solving quadratic equations can be difficult, but luckily there are several different methods that we can use depending on what type of quadratic that we are trying to solve. The four methods of solving a quadratic equation are factoring, using the square roots, completing the square and the quadratic formula.
Step-by-step explanation:
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