Billy takes out a $2400 discounted loan using a simple interest rate of 8% for a period of 18 months. What is the effective inte
2 answers:
You might be interested in
Non-negative integers are positive integers or zero.
1. When then there are such possible cases for
and
In total 11 solutions for
2. For there are such possible cases for
and
In total 10 solutions for
3. This process gives you
- for
- 9 solutions;
- for
- 8 solutions;
- for
- 7 solutions;
- for
- 6 solutions;
- for
- 5 solutions;
- for
- 4 solutions;
- for
- 3 solutions;
- for
- 2 solutions;
- for
- 1 solution.
4. Add all numbers of solutions:
Answer: there are 66 possible solutions (with non-negative integer variables)