Answer: $3,927
Step-by-step explanation:
The interest will accrue as a simple interest rate for 10 years and then the grace period of six months.
The total time is therefore: 10.5 years.
Interest for those 10.5 years is:
= Loan amount * No. of periods * interest rate
= 5,500 * 10.5 * 6.8%
= $3,927
Answer:
The answer to your question is: y = -47x + 661
Step-by-step explanation:
Data
m = - 47 I wasn't sure if the slope was -47 or -4.
Point (14, 3)
Formula
(y - y1) = m(x - x1)
Process
(y - 3) = -47(x - 14)
y - 3 = -47x + 658
y = -47x + 658 + 3
y = -47x + 661
19/100 would be 19%.
Here ya go
