Use the example above and determine the fraction of total interest paid.
After the seven...
Mathematics, 09.04.2020 03:55 4tazaouiamine1r
Use the example above and determine the fraction of total interest paid.
After the seventh month of a 12-month loan:
the numerator is: {(n + 11) + (n + 10) + (n + 9) + (n + 8) + (n + 7) + (n + 6) + (n + 5)} = , and
the denominator is: {(n) + (n + 1) + ... + (n + 11)} = .
Therefore, the fraction is numerator/denominator (to the nearest tenth) = %.
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