Answer:
26%
Step-by-step explanation:
Your 36 monthly payments will total ...
36 × $205.10 = $7383.60
$5860 of that is the amount you borrowed. The remainder is the interest you pay:
$7383.60 -5860 = $1,523.60
As a percentage of the original loan amount this is ...
$1523.60/$5860 × 100% = 26%
You pay back 26% of the original loan amount in interest.
The percentage method aids in calculating FIT.
Answer:
The correct answer with step-by-step explanation:
Answer:
step 1. 6x2=12 first place way
step 2. 12×2=24
step 3. 24+6=30 second place way
Answer:
39
Step-by-step explanation:
2in:12m = 6.5in:?m
6.5 / 2 = 3.25
3.25 x 12
39
