Maria's Family brought a truck with a value of t dollars when it was first purchased. The value has since decreased by 24%

t - (t x24%)

Step-by-step explanation:

Value of truck at the time of purchase was t dollars

value decreased by 24%

current value = t x 24%

t - (t x 24%).

current value = t -(t x 24%).

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.

step-by-step explanation:

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