Answer: The interest is $60
Step-by-step explanation:
500*112%=$560
560/18=$31.11
$60 in interest is paid, or an additional $3.33 a month (Bringing the monthly loan payment to a grand total of $31.11)
Answer:
32
Step-by-step explanation:
Answer:
r=0.5 or 1/2
Step-by-step explanation:
if you multiply 0.5 to each Xs you can find out why r is 0.5
