Given that Rylee took out a loan for $3600 at 13% interest.
Where interest is compounded annually.
Interest for 1 year = 13% of 3600 = 0.13*3600 = 468
Amount due after 1 year = Loan + interest = 3600+468 = 4068
Monthly payment = 460
So Amount to be paid after 1 year = 4068-460 = 3608
New due amount $3608 is more than the loan amount $3600
Which means loan will always remain due for his entire life.
Hence Rylee will never be able to pay off the loan.
Interest must be less than the monthly payment in order to pay off the loan.
Answer:
Step-by-step explanation:
the ratio in which 42 should be divided is 1:2:3
the sum of the parts of the ratio is - 1 + 2 + 3 = 6
this means that there's a sum of 6 parts
so we need to find how much 1 part is equivalent to
if 6 parts are equivalent to 42
then 1 part is equivalent to - 42/6 = 7
so the ratio should be 1:2:3
1 part - 7
2 parts - 7 x 2 = 14
3 parts - 7 x 3 = 21
therefore 42 divided into 1:2:3 ratio is as follows
7 : 14 : 12
Answer:
19219.48
Step-by-step explanation:
16540x0.162+16540
<span>the graph that represents the compound inequality –3
< n < 1 is the straight line from -3 to 1 in which there is a hollow
circle in the -3 point and in the 1 point. This is because < means that the
possible values of n is only greater than -3 exluding -3 and less than -1
excluding -1</span>
