Eli takes a typing test and types all of 300 words in 1/10 hour. he takes the test a second time and types the words in 1/12 hour. was he faster or slower on the second attempt?

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.

the answer is 1030 it's very simple math.