Answer:
interest rate is 38.68 %
Step-by-step explanation:
Given data
installment = $60
time = 36 months = 36/12 = 3 years
principal = $1000
to find out
interest rate
Solution
we know student pay $60 for 36 months
so he pay total = 60 × 36 = 2160
total amount pay by student = $ 2160
so we can find interest rate by given formula
rate = (1/time)(amount/Principal - 1)
put the value time amount and principal here
rate = (1/3)(2160/1000 - 1)
rate = 0.386667
interest rate is 38.68 %
Answer: Not sure
Step-by-step explanation: A is wrong because they are parallel in one is on the top to the right and 1 is on the bottom. sorry thats all i know :(
A way to do it is like this. Numerator divided by denominator so 3 divided by 16 which is .187.
5 divided by 48 is .0146 with the six repeating
Answer:
The answer is 12000 roundes to the neatest thousand
Step-by-step explanation:
In your calculator just substitute 7 into t
8000 ×1.06 to the power of 7
Step-by-step explanation:
it is 12 because 12 - 7 is 5 the number 4 is the number multiplied by 3
