Answer:
approximately 12 payments.
Step-by-step explanation:
you can pay off the loan in a year by multiplying 87.25 and 12. this will give you 1047, which is about 28$ off. then after that year, you can pay off the $28 whenever you finish with the 87.25
Answer:
it would 13
Step-by-step explanation:
19-6=13 there you go
Answer:
$43.65
Step-by-step explanation:
1. divide 48.50 by 10
4.85
2. subtract 4.85 from 48.50
3. your answer would be $43.65
Answer:
It was 4 years.
Step-by-step explanation:
To solve this problem we need to use the appropriate formula for simple interest, which is shown below:
M = C*r*t
Where M is the amount of interest, C is the initial amount of money, r is the rate of interest and t is the time elapsed in years. Applying the data from the problem we have:
840 =7000*0.03*t
840 = 210*t
210*t = 840
t = 840/210
t = 4
It was 4 years.
