Step-by-step explanation:
Here is a helpful method I taught my students in my mini lesson...
For you to remember, 22= 4, and 32= 9. Hence the answer to the root of 8 lies between the numbers 2 and 3. However, since the square of 3 equals to 9 which is larger than 8, the root 8 value lies in between the number 2.8 and 2.9.
Ist amount paid = $1500
Making $350 for 10 months = 10*350 = $3500
Total amount paid = 1500 + 3500 = 5000
So an amount of $5000 was paid to cover the cost of $4500 within the ten month period.
I = PRT
Interest, I = 5000 - 4500 = 500Time, t = 10 months = 10/12 = (5/6) year.Principal P = 4500
R = I /(PT) R = 500 / (4500*5/6)
R = (500*6) / (4500*5)
R = 0.1333..
R ≈ 13.33 % per annum.
Answer:
16
Step-by-step explanation:
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