$16,000 is borrowed for 5 years. If the interest on the loan is $5,597.21, find the monthly payment.

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nayellisoto15

13.05.2021

Mathematics

By thales theorm. if a line is drawn parallel to one side of a triangle intersecting other two sides, then it divides the two sides in the same ratio. the above definition it is clear that

$\frac{cd}{ac} = \frac{ce}{bc}$

$(cd) \times (bc) = (ac) \times (ce)$

$bc = \frac{(ac) \times (ce)}{cd}$

by this it is clear that option 2 is the right answer mate. a good day

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