chrisraptorofficial
02.04.2020 •
Mathematics
Jacey gets a $500
loan at a simple
annual interest
rate of 5%. She will
pay back the loan
in equal monthly
payments over one
year. How much is
each payment?
Solved
Show answers
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Ответ:
She will have to pay 43.75$ monthly to fully pay the loan back in one year.
Step-by-step explanation:
5% of 500$ is 25 dollars.
add 500 + 25 = 525
divide 525 / 12 to represent the months of a year. = 43.75$
Ответ:
I'm n rooke
Step-by-step explanation: