Use a similar strategy to solve this problem.
adam has gallons of apple juice, gallons of orange juice, and gallons of soda in his refrigerator.
how many gallons of juice does adam have altogether in his refrigerator?
a.
gallons
b.
gallons
c.
gallons
d.
gallons

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.