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squirrel6875
02.07.2019 •
Mathematics
Craig just purchased a new sports car. he financed $45,000 and must pay it back over 5 years with 11% interest. hiw much will he have paid in interest by the time his car is paid off?
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Ответ:
The amount Craig financed at the beginning(P) = 45000
Number of years he took to repay(T) = 5
Rate of interest(R) = 11%
Total interest he paid =
= 450 × 55 = 24,750
Hence, interest paid by him by the time his car is paid off was $24,750
Ответ:
The amount Craig financed at the beginning(P) = 45000
Number of years he took to repay(T) = 5
Rate of interest(R) = 11%
Total interest he paid =![\frac{PTR}{100}](/tpl/images/1156/1229/1fcb0.png)
= 450 × 55 = 24,750
Hence, interest paid by him by the time his car is paid off was $24750.
Ответ:
X = - 6/7