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Using the simple interest formula, it is found that the APR for the loan is of 4.472%.
<h3>What is the simple interest formula and when it is used?</h3>Simple interest is used when there is a single compounding per time period.
The amount of money after t years in is modeled by:
In which:
- A(0) is the initial amount.
- r is the interest rate, as a decimal.
The parameters for this problem are:
A(t) = 6 x 511.18 = 3067.08, A(0) = 3000, t = 0.5.
We solve the equation for r to find the APR.
1 + 0.5r = 1.02236
r = (1.02236 - 1)/0.5
r = 0.04472.
More can be learned about simple interest at brainly.com/question/25296782
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0.00000000005
= 5 ×
Count the Digits after decimal.
We use minus (-) in power as the digit is in left side of decimal
If they are in right side then we use (+) plus sign in power.
0.00000000005
= 5 ×
Count the Digits after decimal.
We use minus (-) in power as the digit is in left side of decimal
If they are in right side then we use (+) plus sign in power.
<u>Answer:</u>
-348
<u>Step-by-step explanation:</u>
We are given the following arithmetic sequence and we are to find the sum of its first 12 terms:
1, -4, -9, -14, . . .
For that, we will use the formula for the sum of the arithmetic mean:
We know the value of the first term () but we need to find the value of
. So we will use the following formula:
Substituting these values in the sum formula to get:
-348