9.286
[To change to mixed number, count the number of digits after the decimal point. There are 3 digits, so the denominator will be 1000]
Then we simplify the fraction
(286 ÷ 2)/(1000÷2) = 143/500
Therefore,
5% = 0.5
0.5n = 85
Divide by 0.5
0.5n = 85
/0.5 /0.5
n = 170.
The number is 170.
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:
We're looking for a,b such that
\dfrac{9x-20}{(x+6)^2}=\dfrac a{x+6}+\dfrac b{(x+6)^2}
Step-by-step explanation:
I hope this helps you
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