To make the equation easier so that you don't have to use fractions.
Answer:
76
Step-by-step explanation:
recall that for a quadratic equation in the form
ax² + bx + c = 0, the discriminant is given by
discriminant, D = b²- 4ac
we are given the following:
-6x² + 2x + 3 = 0,
comparing this with the general equation above, it is clear that,
a = -6, b = 2 and c = 3,
substituting these into our equation for discriminant:
D = b²- 4ac
= 2² - 4(-6)(3)
= 4 + 72
= 76
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%.