Town A is 4 miles from town B. A bus leaves Town A from Town B traveling at an average speed of 1/2 mile/minute. Mr. Jones lives in town B. He lives 1/4 mile from the bus stop, and walks at an average speed of 1/28 mile/minute. Mr. Jones leaves his house to catch the bus at the same time the bus leaves Town A. Will he catch the bus or miss 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.

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step-by-step explanation:

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step-by-step explanation: