Answer:
common ratio=0.5, a1= 0.08
Step-by-step explanation:
r=a3/a2
r=a4/a3
compare both we get:
a3/a2=a4/a3
subtitute a2=0.04 and a4=1
a3/0.04=1/a3
(a3)^2=0.04*1
(a3)^2=0.04
taking square root in both sides
a3=0.02
For r, r=a3/a2
subtitute a3 and a2 above
r=0.02/0.04
r=0.5 common ratio
For a1
r=a2/a1
0.5=0.04/a1
a1=0.04/0.5
a1=0.08
Answer:
about =502.65
Step-by-step explanation:
Answer:
$90
Step-by-step explanation:
The principal amount in the loan taken by Sharon is $750 . Note hat the $20 processing fee is a one time cost and is not included in the interest calculation.
Annual Rate of interest offered to Sharon is 12%
Time interval for the loan transaction is 1 year.
So the interest for 1 year is given by \[Principal * Rate * Year /100\]
\[750 * 12 * 1 /100\] = $90
So, Sharon will have to pay $90 as interest for the loan amount $750 borrowed for one year at the rate 12%.
Answer:
a+b=6
a-b =4
______subtract
(a-a)+(b-(-b))=6-4
0+2b = 2
b= 1
put the value of b at any equation
a+1 =6
then a=6-1=5
a square+b square= 25+1= 26
APR stands for Annual Percentage Rate and in this problem, we are given APR is equal to 9.7%
Per month rate = 9.7% / 12 months = 0.808%
Total credit interest for 12 months = 958.62 *0.097 = $92.97
In one month = $92.97/12 = $7.7475
If you pay at the end of the first month:
Payment = 105.00
The amount goes to principal:
Amount =$105 - $ 7.7475
Amount = $142.25
