Question

WILL REWARD PLEASE HELP!!!!

Answer 1

Answer:

The EMI formula is :

$\frac{p*r*(1+r)^{n} }{(1+r)^{n}-1 }$

P = 950

r = $24/12/100=0.02$

n = 12

Now, putting the values in formula we get

$\frac{950*0.02*(1+0.02)^{12} }{(1+0.02)^{12}-1 }$

$\frac{950*0.02*(1.02)^{12} }{(1.02)^{12}-1 }$

EMI = $90 approx

So, she has to pay a total of $12\times90=1080$ dollars

And interest incurred will be = $1080-950=130$ dollars

Answer 2

The answer is B. 150.30 --APEX