6/12=X/18
Using the ratio of 18:12, you multiply 18/12 with 6, which equals 9.
Answer: NJ=9
The answer would be 15 but i am not sure what the problem says her answer is. if it is not 15 then her answer is wrong
Part 1:
After payment of $300, remaining balance = $2,348.62 - $300 = $2,048.62.
Interest accrued is given by:
Had it been $600 was paid, remaining balance = $2,348.62 - $600 = $1748.62. Interest accrued is given by:
Difference in interest accrued = $14.94 - $12.75 = $2.19
Part 2:
The present value of an annuity is given by:
Where PV is the amount to be repaid, P is the equal monthly payment, r is the annual interest rate and n is the number of years.
Thus,
Therefore, the number of months it will take to pay of the debt is 3.99 months which is approximately 4 months.
4 * (25 * 1.2) = (4 * 25) * 1.2
Answer:3x-x+2=4
Step-by-step explanation: is what i got maybe wrong