Simple interest means an portion of the principal is added to the principal. In this case the 6% simple interest is will be only from the principal amount which is $800.
A. The finance charge or the interest is $48 ( 6% of $800).
B. The total amount to be repaid is $800 (principal amount) + $48 (6% interest) = $848.
C. To equally pay off the total amount every month, we simply divide $848 by 8 months. $848 / 8 months = $106. The monthly payment would be $106.
Answer:
The answer is 68 degree
Step-by-step explanation:
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Answer:
sin(8x)
Step-by-step explanation:
assuming that you didn't mean to write it twice
400$
Explanation:
In 1992, the price is 28000$ and 9600$ in 1996 so in 4 years the value the car lost is 18400$
Dividing 18400 by 4 years we get 4600 depreciation value per year.
Between 1996 and 1998 there is 2 years
So in 1998 the value of the car will be:
9600 (value in 1996) - 2x4600 = 400$
