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Use the example above and determine the fraction of total interest paid. After the seventh month of a 12-month loan: the numerator is: {(n + 11) + (n + 10) + (n + 9) + (n + 8) + (n + 7) + (n + 6) + (n + 5)} = , and the denominator is: {(n) + (n + 1) + ... + (n + 11)} = . Therefore, the fraction is numerator/denominator (to the nearest tenth) =

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Answer:

Step-by-step explanation:

Determine the fraction of total interest owed.

After the seventh month of a 12-month loan,

the numerator is: {(n + 11) + (n + 10) + (n + 9) + (n + 8) + (n + 7) + (n + 6) + (n + 5)} =  

(63)

, and

the denominator is: {(n) + (n + 1) + ... + (n + 11)} =  

(78)

.

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

(80.8) %.

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