In an installment loan, a lender loans a borrower a principal amount P, on which the borrower will pay a yearly interest rate of i (as a fraction, e.g. a rate of 6% would correspond to i=0.06) for n years. The borrower pays a fixed amount M to the lender q times per year. At the end of the n years, the last payment by the borrower pays off the loan.
After k payments, the amount A still owed is
<span>A = P(1+[i/q])k - Mq([1+(i/q)]k-1)/i,
= (P-Mq/i)(1+[i/q])k + Mq/i.
</span>The amount of the fixed payment is determined by<span>M = Pi/[q(1-[1+(i/q)]-nq)].
</span>The amount of principal that can be paid off in n years is<span>P = M(1-[1+(i/q)]-nq)q/i.
</span>The number of years needed to pay off the loan isn = -log(1-[Pi/(Mq)])/(q log[1+(i/q)]).
The total amount paid by the borrower is Mnq, and the total amount of interest paid is<span>I = Mnq - P.</span>
Answer:
B. $18.00
Step-by-step explanation
160/4 divide 160 by 4 to see how much Miss Adams makes and hour
She makes $4 an hour
multiply this ($4) by her idle time (4.5) hours to get $18
Answer:
We can define a horizontal dilation/contraction of scale factor A, as:
g(x) = f(x*A)
if A > 1, this will be a contraction (it will be steeper)
if 0 < A < 1, this will be a dilation. (it will be less steep)
Then if we have:
g(x) = f(6*x) we have a contraction of scale factor 6, this means that the graph of the parent function will be contracted.
Below, you can see how the graphs change, where:
Blue is f(x) =x
green is g(x) = f(6*x) = 6*x
The length of the diameter is:
16 metres
Hey! you would first for 9 its a one step equation so you would divide the number without the variable(constant) by both sides you would get and answer by having the variable on one side of the equation sign and you have your answer. since it was multiplying you had to divide to cancel out the number next to the variable . If you need more help i recommend PhotoMath because it shows you how to do the problems step by step and shows you the answer! Thanks for asking for help
