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:
<h2>7.4inches</h2>
Step-by-step explanation:
Check the attachment for the diagram. Sine rule will be used to get the unknown side of the triangle.
According to the rule;

Given w = 3 in, ∠W=23° and ∠U=73°, on substituting into the equation above to get u we have;

The length of u is 7.4inches to nearest 10th of an inch
V = π r² h
V = π (4)² 8
V = 402.12
Hope this helps :)
6 is already a whole number so that stays the same and the decimal given is .25 which is a quarter and which as a fraction can be written as 1/4 so the answer is 6 1/4
Answer:
Renata has a home loan for $150,000 at 7.5% interest for 30 years and her payment is $987.00 per month.
I have solved this using excel sheet that is attached here.
p = $150000
r = 7.5%
t = 
EMI = $987
You can see the excel sheet, after first month principle is $ 149,950.50 and after second month it is $149,900.69 .