How much is utilized to decrease unpaid balance
If you borrow 500$ which you agree to repay in six equal monthly payments at 1% interest per month on unpaid balance, how much of every monthly payment is used for interest and how much is utilized to decrease unpaid balance?
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At 60°C a mixture of 100 g of K2Cr2O7and 200 g of water is stirred until no more of the salt dissolves. The resulting solution is poured off, leaving the un-dissolved solid behind.
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We put $11500 into the account earning 7% interest compounded continuously. How many years will it take for account to grow to $32200?
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