9514 1404 393
Answer:
3.4%
Step-by-step explanation:
The total amount due is ...
A = P(1 +rt/12) . . . . . principal P, annual rate r, t months
33829.50 = 28500(1 +66/12r)
1.187 = 1 +5.5r . . . . . divide by 28500, simplify
0.185/5.5 = r = 0.034 = 3.4%
The interest rate on the loan is 3.4%.
Answer: 4,000
It is in the thousands place
Point
This is the definition of a point.
A "point" is a fixed position in space and has no dimensions or size.
Cheers.
B
1 is 100% so increasing it by 12% means adding 0.12 to it
