Answer:
3.48%
Step-by-step explanation:
Interest rate is the one variable in the amortization formula that cannot be solved for directly. An iterative or graphical approach is needed. There is no formula. Financial calculators, financial apps, and spreadsheets are all able to do this calculation.
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In the attached, we have used a graphing calculator to find the value of interest rate (in %) that makes the loan payment be $200 for a loan of $11,000. It shows us the rate is 3.48%. (A financial calculator confirms this value.) The x-intercept in the graph is the interest rate that makes the difference between the payment and $200 be zero. In our formula for the payment, we have used t for years. 60 monthly payments is 5 years.
Answer:
$210
Step-by-step explanation:
Given data
time = 6 weeks
initial amount= $90
saving per week = $25
Hence the expression for the total savings after the 6 weeks is given as
y= mx+c
where
m= $25
x= 6 weeks
c= $90
substitute
y=25*6+90
y= 150+60
y= $210
Hence the total amount after 6 weeks is $210
I believe that B) m<3 would need to double. Since m<6 and m<3 are corresponding angles, they are always equal. So if 6 doubles, 3 needs to as well in order to be equal.
Answer:
104 ft Squared
Step-by-step explanation:
You are taking away the room area. So 11x10=110 (Area of the whole wall) and you are cutting off 3x2=6 (Area of the wall you are cutting off). So you subtract 110-6= 104 ft2.