Billy takes out a $2,400 discounted loan using a simple interest rate of 8% for a period of 18 months. What is the effective interest rate? Give your answer as a percentage to the nearest tenth of a percent. Do not include the percent symbol in your answer.

find the magnitude of the trig term  

csc

(

x

)

−

1

by taking the absolute value of the coefficient.

1

find the lower bound of the range.

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y

=

−

2

find the upper bound of the range.

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y

=

0

the range is  

y

≤

−

2

or  

y

≥

0

.

(

−

∞

,

−

2

]

∪

[

0

,

∞

)

{

y

|

y

≤

−

2

,

y

≥

0

}

step-by-step explanation:

what

44

step-by-step explanation:

the

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step-by-step explanation:

you put in your equation

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