What is 9+p when p=20?
2 answers:
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Amount borrowed, P = 13000
Interest, i = 0.07/12 per month
number of periods (months), n = 4*12 = 48
Monthly payment,
=311.30 (to the nearest cent)
Interest, i = 0.07/12 per month
number of periods (months), n = 4*12 = 48
Monthly payment,
=311.30 (to the nearest cent)
Answer: OPTION D
Step-by-step explanation:
To solve this problem you must apply the proccedure shown below:
- Convert from 48 inches to foot. You know that 12 inches=1 foot. Then you have:
- Therefore, keeping on mind that 48 inches is 4 feet, and you must find the ratio that correctly compares 2 feet to 48 inches, you can write:
- Reduce the fraction, then:
- You can rewrite it as following: