Susan's monthly payment will be $117.93.
We have Susan take out a personal loan for $3,500 at an interest rate of 13% compounded monthly.
P=3500
r=30%
t=3
<h3>What is the amortization formula?</h3>
Where A is the payment,
P= principal,
r =the annual interest rate
t is the number of years.
use the given value in the formula we get
A=117.9288
A= 117.93
Susan's monthly payment will be $117.93.
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Answer: 2500
Step-by-step explanation:
Answer:
13%
Step-by-step explanation:
Commission rate = commission / value sold
= 286/2200
= 13%
Its not a negative number but a positive number
So basically you are going to line up your equations (already done). Next, you will just add each term. So x + 3x = 4x, then 2y - 2y = 0 (we wouldn't put anything) then 7 - 3 = 4
So then we have all of our terms figured out and will have 4x = 4 then divide 4x by 4 to get x alone and then you will also divide the four that is by itself by four to equal one. So, your answer is x = 1. I hope that helps!
