Answer:
$4
Step-by-step explanation:
16(1/4) = 4
Answer:
0.0055 or 11/2000
Step-by-step explanation:
You could have multiplied it by 100 moving the decial poitn to the left 2 place. Or converted it to a fraction then divided the numerator by the denominator.
Hope this helps!!
The rate at which Charles amount increased will be given by:
Amount owe=$390
Payment=$10
Number of payments=10
thus using the formula:
A=P(1+r)^n
plugging the values we get:
390=10(1+r)^10
solving for r we get
39=(1+r)^10
r=0.4425
thus the amount increased by 44.25%