According to the money exchange rate of nepal rastra bank, the purchasing and selling rates of 1 american dollar are NRs 103.72 and NRs 104.32 respectively, then i) How many American dollars can be exchanged with NRs 57376?
ii) How much Nepali rupees can you exchange with $500? Find it.

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.

r and t.

both are 64 degrees.