What does this have to do with long division or the rule of 78?Menomena said:Homework Statement
u = f k(k + 1)/ n(n +1) f= 700, k =4, n=36
Homework Equations
u = 700 x 4(4 + 1)/36(36 + 1)
The Attempt at a Solution
700 x 20/1332 ≈ 10.51 I can't figure out how 20/1332 = 0.015015015, every time I divide it I get 0.0666, I literally have no clue how that is the answer. I feel so dumb.
Long division is a method of dividing two numbers. It involves dividing the dividend (the number being divided) by the divisor (the number that is dividing) and finding the quotient (the answer) and remainder (any leftover amount).
Long division is useful for solving division problems that cannot be solved mentally or with simpler methods such as multiplication or subtraction. It is also useful for solving more complex mathematical problems and for building a strong understanding of division concepts.
The rule of 78 is a method for calculating the interest paid on a loan. It is based on the idea that the interest paid on a loan is higher in the early months and decreases as the loan is paid off. This rule is often used for loans with fixed payment amounts and fixed interest rates.
The rule of 78 is used to determine the amount of interest that has been paid on a loan at any given point in time. This information can be useful for comparing different loan options and for understanding the total cost of a loan.
One potential drawback of using the rule of 78 is that it can result in higher interest charges for borrowers, as the interest paid is front-loaded. Additionally, it may not accurately reflect the actual amount of interest paid over the life of a loan, especially if the loan is paid off early. As such, it is important to carefully consider all factors before using the rule of 78 in financial calculations.