Hello,
- 3&2/5=-17/5=-3.4
==>-3.4<n<-2.7
==>n=-3 (if -3 is an integer)
Answer:
3
Step-by-step explanation:
The loan proceeds will be given as follows:
A=P(1+r/100)^n
Plugging the values we obtain
n=4 months=
A=1000(1+12/3*100)^1
A=$1040
hence the proceeds will be:
1040-1000=$40
