Answer:
34 minutes
Step-by-step explanation:
Given
Required
Number of minutes left to spend (x)
Since there's only 1 minute left to spend on every other call;
Time left = x * 1
Time left = x
The required can further be calculated using:
This gives:
Subtract 6 from both sides
<em>Hence, there are 34 minutes left to spend</em>
The two fractions that are equal are 1/3 and 2/6. The lower fraction of the pair is the one that can not be reduced anymore; it is lowest terms. That is 1/3, as 2/6 can still be reduced.
Answer:
2.4%
Step-by-step explanation:
Total amount of payments:
5 years * 12 months/year * $78.40/month =
= $4704.00
Amount of interest paid in 5 years:
$4704 - $4200 = $504
Amount of interest paid in 1 year:
$504/5 = $100.80
Annual percent rate of interest:
$100.80/$4200 * 100% = 2.4%
Answer: 2.4%