Aman purchased a car selling for rm12,750 by making instalment payments. if he was charged 4% based on the reducing balance and the total interest paid was rm1,041.25, calculate the number of monthly payments he had made using the constant ratio formula.

48 months

Step-by-step explanation:

Cost of car = RM12,750

interest charged = 4% = 0.04

total interest paid = RM1,041.25

Now,

Using the Constant Ratio formula

r =

here,

i is the interest paid

P is the principle

n is the number of monthly installments

r is the interest rate

on substituting the respective values, we get

0.04 =

or

n + 1 = 49

or

n = 48 months

45

step-by-step explanation:

to find a percentage, add a decimal in front and multiply it by the other number.

.25 times 180= 45

yes   because as the functions are graphed they eventually will intersect unless otherwise

step-by-step explanation: