A loan of $900 will be repaid in 36 installment of $30.22 each .what is the finance charge for the loan
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Answer:
Step-by-step explanation:
<em>Hey there!</em>
Well to add this we need to pu it in improper form.
7/5 + 23/4
Now we need to find the LCM.
5 - 5, 10, 15, 20, 25, 30
4 - 4, 8, 12, 16, 20, 24, 28
So the LCD is 20.
Now we need to change the 5 and 4 to 20.
5*4 = 20
7*4 = 28
<u>28/20</u>
4*5=20
23*5=115
<u>115/20</u>
Now we can add 28 and 115,
= 143/20
Simplified
7 3/20
<em>Hope this helps :)</em>