Mathematics, 18.02.2020 08:02 forschoolok123456789
Determine the fraction of total interest owed using the rule of 78.
After the six month of a 12 month loan, the numerator is: {(n+11)+(n+10)+(n+9)+(n+8)+(n+7)+(n +6)) =
A.78
B. 57
C.51
The denominator is: ((n)+(n+1)+...+(n+11)} =
A.51
B.78
C.57
Therefore, the fraction is numerator/denominator (to the nearest tenth) =
A.73.1%
B.65.4%
C.136.8%
Answers: 2
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Determine the fraction of total interest owed using the rule of 78.
After the six month...
After the six month...
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