Marty saves 12% of his annual salary for a fund. this year, his salary was $3,000 more than last year. and he saved $3,600. what was marty's salary last year?

$27,000

Step-by-step explanation:

In order to calculate what his salary is this year, you need to divide $3,600 / 12% since $3,600 equals 12%. $3,600 / .12 = $30,000. If his salary is $30,000 it was 3,000 less last year, or $27,000.

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.