Answer:
a
Step-by-step explanation:
Answer:
7/20
Explanation:
In order to do this, you must first simplify all the equations to the simplest forms. Do this by simplifying 3/6 to 1/2. We know this because 3 is half of 6, therefore it would reduce down to 1/2. 7/10 is already simplified; we know this because 7 is a prime number and can’t do down any further
Now, multiply the two fractions buy multiplying the numerators and denominations together. In other words, 1 x 7 is 7 so your numerator is 7, and 2 x 10 is 20 so your denominator is 20.
The number on the left side of the decimal, write it as a large, in this case, three. The number on the right side of the decimal, write as a small number. Then put a ten under the five, and divide the two with a line. A way to remember this is - Imagine you have 3 cookies. The .5 represents a half of a cookie. You need to have all ten parts of the cookie to make a whole cookie. You'd need 5 more pieces of cookie to make 4 cookies. Hope this helps.
The dollar amount of each monthly payment is interest
7,865.87÷120=65.55
The percent of the total payments is total interest
(7,865.87÷27,865.87)×100=28.2%
