SOLUTION: I, is the interest paid on a $10,000 debt over 3 years, when the interest rate is r% can be approximated by the equation. What is the amount of interest paid during the 3 yr. perio
Algebra.Com
Question 778185: I, is the interest paid on a $10,000 debt over 3 years, when the interest rate is r% can be approximated by the equation. What is the amount of interest paid during the 3 yr. period if the interest rate is 18.8%.
Answer by harpazo(655) (Show Source): You can put this solution on YOUR website!
Can be "approximated by the equation" but you
did not provide us with the equation.
RELATED QUESTIONS
High interest rates make it difficult for
people to pay off credit card debt in a... (answered by CPhill)
A $5,000 debt on a credit card will take 32 years to repay if only the minimum monthly... (answered by KMST)
a man buys a house for R200000. he makes a R50000 down payments and agree to amorised the (answered by jorel1380)
The monthly payments on a 10-year loan of $25,000 at 5.2% interest are $267.61.
(a) What (answered by ikleyn)
You have $25,000 of debt in college loans when you need to start making payments. Your... (answered by Solver92311)
This year (10 years after you first took out the loan), you check your loan balance. Only (answered by Alan3354)
Hak Young has accumulated some credit card debt while he was in college. His total debt... (answered by Theo,math_tutor2020)
The size of the national debt concerns many people, but it continues to grow. Let's look... (answered by Theo)
How many quarterly payments of P15,000 will be necessary to pay off a debt of 175,000 if... (answered by proyaop,ikleyn)