Answer:
Car loans, amortized monthly, and retailer installment loans, also calculated monthly, are examples of simple interest; as the loan balance dips with each monthly payment, so does the interest. Certificates of deposit (CDs) pay a specific amount in interest on a set date, representing simple interest
Answer: 0.5714
Step-by-step explanation:
Answer:
b
Step-by-step explanation:
Hi Cherise1cherhop lets break this equation down with these steps:
1) add the whole numbers first
2) find the LCD of the fractions and that would be 42 since 42 can go into both denominators through multiplication
3) make the denominators (bottom numbers) the same as the LCD (42)
4) simplify it, now the denominators are equal
5) join the denominators together
6) simplify it (3 + 65/42)
7) convert 65/42 to mixed fraction
8) now that we made it a mixed fraction, simplify it
Answer: 4 23/42
