17127 Marks Eli, Freda and Geoff were given £800 to share in the ratio of their ages.
Eli is 9 years old, Freda is 13 years old and Geoff is 18 years old.
How much should they each get?
Eli
£
1
Freda £
Geoff £

9:13:18=£800

eli=9/40×800

Eli=£180

Freda=13/40×800

Freda=£260

Geoff=18/40×800

Geoff=£360

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.