Answer:
interest rate is 38.68 %
Step-by-step explanation:
Given data
installment = $60
time = 36 months = 36/12 = 3 years
principal = $1000
to find out
interest rate
Solution
we know student pay $60 for 36 months
so he pay total = 60 × 36 = 2160
total amount pay by student = $ 2160
so we can find interest rate by given formula
rate = (1/time)(amount/Principal - 1)
put the value time amount and principal here
rate = (1/3)(2160/1000 - 1)
rate = 0.386667
interest rate is 38.68 %
Let's find the value of x
Since the sum of internal angles of a triangle is 180°
therefore,
Answer:
the answer will be 366:81
Step-by-step explanation:
you will find value of ratio 3:18
=6
then divide 366:61
=6
Answer:
0.015
Step-by-step explanation:
0.15% = 0.0015
{transfer}
Answer:
f(x)=1200(1.04)^n
Step-by-step explanation:
