The monthly payment for loans with no fees is expressed by a formula. The monthly payment equation is expressed as:
P = (P° x r x (1+r)^N) / ((1+r)^N -1)
<span>where P is the monthly payment, P° is the loan amount, r is the APR, N is the number of monthly payments
We substitute the values and manipulate where one side contains the unknown term r.
</span><span>27.50/835 = ( r x (1+r)^36) / ((1+r)^36 -1)
</span>
Using some functions in the calculator we obtain,
r = 9.51 x 10^-3
Thus, the problem above has an APR of 0.95% monthly.
The value of x is 4 your just counting the sides
Answer:
r = $105.6
Step-by-step explanation:
Given,
Amount paid by Trevor for 4 nights = $528
Rate per day = r
Now,
We know that a 4-night stay in the hotel means 5 days to stay at MGM Grand.
Now,
Amount paid = Number of days x Rate per day
$528 = 5 r
r = $105.6
Hence, Trevor pays $105.6 to stay at the MGM Grand Hotel in Las Vegas for four nights.
Answer:
(7v+3)(v-4)
Hope this helps can I pls have brainlist (crown) ☺️)
Step-by-step explanation:
In pic
Answer:
take home pay $457.20
$30.78 from the raise
Step-by-step explanation: