Answer:22.0% so yoyouyoyour answer would be C
Step-by-step explanation:
There are 12 months so find the month that the 2 payments will be the same. Dose not matter the date just the month.
Solution is (2,3)
X intercept of boundary line is (-3/2,0)
1240.64 / 6.4 = 193.85
193.85 rounded is 194
Answer:
You'd earn $825 in interest.
Step-by-step explanation:
The appropriate formula for simple interest is i = p·r·t, where p is the principal, r is the interest rate as a decimal fraction, and t is the time in years. Because 8 months constitutes 2/3 year, we have:
i = $45,000·(0.0275)(2/3) = $825.
You'd earn $825 in interest.