The sum of 5% of a number and 9 is 16

Ok, so first find out what the number actually will be

16 - 9 = 7

So you need to find out the complete number. You can do that by dividing

7 / 5% = 120

So that means the sum of 5% of 120 and 9 is 16.

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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.

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