Question by Nanna: Suppose a bank makes a loan for the principal amount P and charges interest at the rate r.?
Write an expression for the amount of interest owed to the bank at the end of one year. If no payment (of principal or interest) is made at the end of the first year but the loan is extended for a second at the same rate write an expression for the principal amount for the second year’s loan. Write an expression for interest owed at the end of the second year? Write an expression. Give a complete factorization for the polynomial (in r) of part d.
Best answer:
Answer by Love Presley
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