Diff selection: Mark the radio buttons of the revisions to compare and hit enter or the button at the bottom.
Legend: (cur) = difference with latest revision, (prev) = difference with preceding revision, m = minor edit.
Legend: (cur) = difference with latest revision, (prev) = difference with preceding revision, m = minor edit.
| rev | Admin | (Created page with "'''Solution: E''' Let I be the amount of interest in the first month. <math display = "block"> P_0-m+I=P_1, I=P_1-\left(P_0-m\right) </math> In the first month, the interest <math>P_1-\left(P_0-m\right)</math> was charged on a principal of <math>P_0</math>, so the effective monthly interest rate (expressed as a decimal) of the first loan is <math display = "block">\frac{P_1-\left(P_0-m\right)}{P_0}=\frac{P_1-P_0+m}{P_0}</math>. The nominal annual interest rate (expres...") | Nov 19'23 at 13:18 | +948 |