<span>The owner of a automobile repair center purchased new electronic diagnostic equipment for $12000. He paid 10 pERcent down and then paid 60 pAYMENTS monthly of $203.81.
Net loan, P=12000*0.9=10800
Monthly payment, A=203.81
Number of payments, n=60
Let i=APR
A=P(i/12*(1+i/12)^n)/((1+i/12)^n-1)
Substituting values
203.81=10800(i/12*(1+i/12)^60)/((1+i/12)^n-1)
=>
12*203.81/10800=i(1+i/12)^60/((1+i/12)^60-1)
To solve for i, we form the iterative equation:
</span>(1+i/12)^60=(12*203.81/10800)/i*((1+i/12)^60-1)
i=12*(12*203.81/10800*((1+i/12)^60-1)/i)^(1/60-1)
try i=0.05,
f(0.05)=0.05
Therefore the APR is 5%
Answer:
The answer is 5/30
Step-by-step explanation:
The answer is 5/30 because when multiplying a fraction by a fraction you have to multiply the numerator by the numerator and the denominator by the denominator so if you multiply 5 by 1 you get 5 and when you multiply 6 by 5 you get 30 so the answer is 5/30
Consider the right triangle in the attached diagram. Using the Pythagorean theorem, you can find the distance marked "a" by
r² = a² + o²
a = √(r² - o²) = √(20² -16²)
a = √(400 - 256) = √144 = 12
The
maximum depth is the difference between r and a, so is (20-12) cm =
8 cm.
A
B
C
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