Justin invested his savings in two investment funds. The amount he invested in Fund A was 4 times as much as the amount he invested in Fund B. Fund A returned a 6 percent profit and Fund B returned a 2 percent profit. How much did he invest in Fund B, if the total profit from the two funds together was 2600?

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.

i hope this is what you were looking for.

see attached graph

a

step-by-step explanation: