An amount of $38,000 is borrowed for 13 years at 7% interest, compounded annually. If the loan is paid in full at the end of
1 answer:
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Answer:
Step-by-step explanation:
In this question, one is asked to multiply a fraction by a whole number, first model the question.
In a situation like this, one multiplies the whole number by the numerator (number) over the fraction.
Simplify,
A common error that people make is that they will multiply both the numerator and denominator by the whole number, this is the same as multiplying the answer by (1), thus it is incorrect.
Answer:
3 : 1
Step-by-step explanation:
We have to compare the value of two sides.
Ratio of sides = 12 : 4 =
= 3 : 1