zmerriweather167
09.12.2019 •
Mathematics
Question 1
imported asset
marta borrowed $1,380 for 15 months at 13 percent apr. what will be marta's monthly payment?
a. $101.17
b. $96.76
c. $117.56
d. $106.95
question 19
use the table of interest.
imported asset
andrea borrowed $2,240 at 15 percent apr for 18 months. how much interest will she pay?
a. $336
b. $504
c. $448
d. $490
question 2
use this table to find the monthly payment.
imported asset
mark borrowed $5,500 at 11.5 percent for five years. what is his monthly payment?
a. $131.50
b. $173.50
c. $120.95
d. $150.22
Solved
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Ответ:
1) (D)
2) (B)
3) (C)
Step-by-step explanation:
1) Amount borrowed = $1380 (P)
APR =13% or 0.13 (R)
Time = 15 months (T) = 15/12
Interest amount =
=
= $224.25
Total amount = 1380+224.25
= $1604.25
Monthly payment = 1604.25/15 = $106.95 (D)
2) Amount borrowed = $2240
APR = 15% or 0.15
Time = 18 months
Interest =
=
= $504 (B)
3) Amount borrowed = $5500
APR = 11.5% or 0.115
Time = 5 years
n= 12 (compounded monthly)
M =
=
= $120.95 (C)
Ответ:
a. r=d/t b. 800000/4=200,000 c.800/2=200 d.not sure km are used more often as theyre simpler to use but there is not much that i am basing this off of
Step-by-step explanation: