First you need to use the compound interest formula to work out the amount of money he had after those two years. To do this you have to make a multiplier for the 14% and you have to put the number of years to the power of the multiplier and of course you need to times the original amount by the multiplier:
(100+14)/100 = 1.14 (making the multiplier)
1250*(1.14)^2 = 1624.5
Then you divide the 1624.5 by 24 to get the equal payments:
1624.5/24 = $67.6875 (rounded to $67.69)
Richard made payments of $67.69 24 times to pay off the loan he had taken out.
Hope this helps! :)
Answer:
32
Step-by-step explanation:
x + y = 48
x - y = 16
-----------------
2x = 64
x = 32
32-y = 16
y = 16
Answer:
form of devision that takes longer bc it a fraction or decimal. first you want to get rid of the decimals. then devide the numbers from the lowest to the highest
I may be wrong been for ever since I did it on paper
Answeryeehaw
Step-by-step explanation:
Answer:
a > m/bp
Step-by-step explanation:
flip the equation
abp > m
divide both sides with bp
abp/bp > m/bp
a > m/bp
