Answer:
6.9%
Step-by-step explanation:
Interest rate is the one variable in an amortization formula that cannot be determined explicitly. An iterative solution is required, which means the computation must be done by a calculator, spreadsheet, or web site.
My TI-84 TVM Solver tells me that for the given loan amount and payment schedule, the APR is about 6.9%.
<h3><u>
Answer:</u></h3>
<u>Option A (Yes because 3 x 2 = 6 and 14 x 2 = 28.) is correct.</u>
<h3><u>
Step-by-step explanation:</u></h3>
<u>This is because if we simplify 3/6 and 14/28, both of them will get 1/2. This means that only A and C are possible.</u>
- => Option A is correct because 3 x 2 does equal 6 and 14 x 2 does equal 28.
- => Option C is incorrect because 3 x 5 does not equal 14 and 6 x 5 does not equal 28.
Hoped this helped.
Answer:
6
Step-by-step explanation:
(x + 9) * (x - 2) = 60
x^2 - 2x + 9x - 18 = 60
x^2 + 7x - 18 = 60
x^2 + 7x = 78
FACTORING:
x(x + 7) = 78
x = 6
The answer is 61.44. 4% of 64 is 2.56. 64 minus 2.56 is 61.44
