Answer:
yes
Step-by-step explanation:
10/3 which is the same as 3 1/3
We are given
P = <span>$1,945.61
r = 11.2%
Amin = $156
A = $300
First, we convert the interest to effective monthly terms
i = 11.2%/12 = 0.933%
After one month, the interest saved by paying more than the minimum is
</span>(0.00933) (300 - 156) = $1.35
I used to have these in my middle school, i think searching up the lesson and lesson name will give you the entire answer key for that specific sheet
