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noname [10]
3 years ago
13

True or False: An improper fraction will equal greater than 100 percent.

Mathematics
1 answer:
Ivan3 years ago
6 0
True I did this in class
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Suppose you want to get a loan for $ 5 , 000 at an interest rate of 5.3 % for 2 years to be paid back in 24 monthly installments
swat32

Answer:

monthly payment =  $56.445

Step-by-step explanation:

given data

loan = $5000

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time  t = 2 year = 24 months

solution

we will use here amount of the monthly payments formula that is

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put here value and we get

monthly payment = 5000 × \frac{0.053}{1+(1-0.053)^{-24}}\\

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I WILL GIVE Brainiest IF YOUR RIGHT
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