Answer:
The first 3 installments of Mr. X were $ 180.
Step-by-step explanation:
Since Mr X arranges to pay off a Debt of $ 9600 in 48 annual installments which form an AP, and when 40 of these installments are paid, Mr X become insolvent, and he still owe his creditor $ 2400, to find the value of each of the first three installments of Mr X the following calculation must be performed:
((9,600 - 2,400) / 40) = X
7,200 / 40 = X
180 = X
Therefore, the first 3 installments of Mr. X were $ 180.
It would be 187 pickles because you do 12x15 and you get 180 then you would add 7 and you get 187
Answer:
(Same problem, just with different parts missing; make sure you are looking at the line that goes with <em>your</em> problem)
I dont have a calculator, but set it up as k/-2 - (3k-4)/5 = 8/1