Anne borrowed $600 for 1.5 years. The yearly interest rate was 12%. How much interest did she owe at the end of 1.5 years?

The total loan cost formula is

total cost = (r*p*n) / 1- ((1+r)^-n)

r is rate p is principal and n is number of payments

rate is rate / 1,200 therefore r = .01

number of payments = 1.5 * 12 months per year = 18

total cost = (.01 * 600 * 18) / (1 -(1.01)^-18)

total cost = 108 / 0.1639826858

total cost = 658.6061172693

total cost = 658.61

Interest = 58.61

Source: http://www.1728.org/loanfrm4.htm

Step-by-step explanation:

probability for j is 1/4

while

a is 1/6

step-by-step explanation:

if you want to solve percent error follow these steps.

1. subtract the accepted value from the experimental value.

2. take the absolute value of step 1.

3. divide that answer by the accepted value.

4. multiply that answer by 100 and add the % symbol to express the answer as a percentage.

if you want to solve percent of change just do this.

1. work out the difference (increase) between the two numbers you are comparing.

2. divide the increase by the original number and multiply the answer by 100. if your answer is a negative number then this is a percentage decrease.

hope this : )