Move the deciaml 2 places to left
35000.
move to the left 2 spots
350.00 so 350%
1 + (-5/8) = 3/8
Explanation: If the coffee wasn’t drank it would’ve been at fraction 1 (or 100%)
Since he drank 5/8 of it. The coffee left is now 1-(5/8)
But since the question has asked to give the equation in addition format. Put a plus sign in between the two.
Therefore,
1 + (-5/8)
Solve it,
= 1-(5/8)
= (8-5)/8
= 3/8
Hence the equation is:
1 + (-5/8) = 3/8.
Answer:
monthly payment is $377
C is the correct option.
Step-by-step explanation:
The formula for the monthly payment is given by

Given that,
P = $20,000
n = 5 years = 60 months
r = 0.05
Substituting these values in the formula

On simplifying, we get

Therefore, the monthly payment is $377
C is the correct option.