Answer:
$7.13
Step-by-step explanation:
first you must determine the monthly interest rate.
because you know the yearly interest rate is 18%, you can divide that by 12 to find the monthly interest rate. 18÷12 = 1.5%
Answer: .13
Step-by-step explanation:
63/100=0.63
5/10=0.50
=.13
I took 63 and divided it by 100 to get .63 and took 5 and divided it by 10 to get .50 so I took them and subtracted them to get .13