15360 = P {1-(1.0479)^-16 / 0.0479]
15360 / {1-(1.0479)^-16 / 0.0479] = P
P = 1396.1604
Sam's total payment = 1396.1604^16 = 22338.56
interest charge = 6978.56
Total finance charge = 8273.20
1294.64/8273.2 x 100 = 15.6486
I think the answer is D. 15.65 %
hope this helps
Answer:
261 of the graduates are planning to go to college.
Step-by-step explanation:
This is a proportion question.
x 45
___ = ___
580 100
First do 45 x 580 = 26,100
Then divide by 100 to get 261.
Answer:
Step-by-step explanation:
use
i=prt
i=interest
p= principal value
r=rate
t=time
now you want to find time then it will be
t= i/pr
put values
t= 3722/(2000*7.6%)
t= 2 years
calculation is in fraction but your question given you annual interest so time will also be 2 years not in months
Answer:
y=8
n=1.5
Step-by-step explanation:
