Determine the fraction of total interest owed. After the fourth month of a 12-month loan: the numerator is: {(n + ) + (n + ) + (n + ) + (n + )} = , and the denominator is: {(n) + (n + 1) + ... + (n + )} = . Therefore, the fraction is numerator/denominator (to the nearest tenth) = %.
Determine the fraction of total interest owed. After the fourth month of a 12-month loan: the numerator is: {(n + ) + (n + ) + (n + ) + (n + )} = , and the denominator is: {(n) + (n + 1) + ... + (n + )} = . Therefore, the fraction is numerator/denominator (to the nearest tenth) = %.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Determine the fraction of total interest owed.
After the fourth month of a 12-month loan:
the numerator is: {(n + ) + (n + ) + (n + ) + (n + )} = , and
the denominator is: {(n) + (n + 1) + ... + (n + )} = .
Therefore, the fraction is numerator/denominator (to the nearest tenth) = %.
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