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Joe took out a car loan for $12,000. He paid $4,800 in interest at a rate of 8% per year. How many years will it take him to pay off the loan?
Using the easy interest formula Interest = principal × rate × time, or I = prt, substitute p = $505, r = .05 (the interest rate as a decimal) and t = 4; I = (505)(.05)(4). Multiply to obtain a result of I = $101.
how to get the answer
Right-handed limit We say provided we can make f(x) as close to L as we desire for all x sufficiently close to a and x>a without in fact letting x be a.
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This problem involves the question of computing change for a given coin system. A coin system is defined to be a sequence of coin values v1 (a) Let c ≥ 2 be an integer constant
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