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Mathematics, 17.04.2020 00:25 holyturnley

Determine the fraction of total interest owed.

After the fourth month of a 12-month loan:

the numerator is: {(n + ) + (n + ) + (n + ) + (n + )} = , and
the denominator is: {(n) + (n + 1) + ... + (n + )} = .

Therefore, the fraction is numerator/denominator (to the nearest tenth) = %.

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Determine the fraction of total interest owed.

After the fourth month of a 12-month loan...
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