I NEED IT ASAP Patsy Wong was two small appliance parts shops. This year the telephone bill for her Glendale shop was $540 less than twice the telephone ball for her Lamont
step. The stalleghore expense for both shops was $1456 What was the cost of each shop's telephone service for the year?

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.

e^-kt = n/n0 = 0.79  

-kt = ln 0.79  

t = - ln 0.79/0.0001  

= 2357 years

step-by-step explanation: