Metric system, international decimal system of weights and measures, based on the metre for length and the kilogram for mass, that was adopted in France in 1795 and is now used officially in almost all countries.
The interest Raymond will pay this month is $54.98
What does APR mean?
APR means annual percentage rate, which means that since we are computing monthly interest, the annual rate which is the whole 12 months needs to be divided by 12 to ascertain the equivalent monthly interest rate
monthly interest=21.99%/12
What is the monthly interest amount in dollars?
The monthly interest amount in dollars is determined as the monthly interest rate multiplied by the credit card balance at the end of the month
monthly interest=$3,000*21.99%/12
monthly interest=$54.98
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I believe that it’s the first one
Answer:
y = 3
Step-by-step explanation:
(5y - 3)/4 + 6 = 3y
5y - 3 + 24 = 12y
7y = 21
y = 3
Check.
(5*3 - 3)/4 + 6 = 3*3
(15 - 3)/4 + 6 = 9
12/4 + 6 = 9
3 + 6 = 9
9 = 9
Answer:
The formula is
A=p (1+r/k)^kt
A future value?
P present value 4100
R interest rate 0.04
K compounded monthly 12
T time 10 years
A=4,100×(1+0.04÷12)^(12×10)
A=6,112.41. ..answer
Step-by-step explanation:
