Kevin gets and auto loan of $12,000 at 8% annual interest. The terms of his loan state that he has to pay 292.96 each month for
4 years. How much total interest will he have to pay?
A. $384
B. $960
C. $1171.84
D. $2062.08
1 answer:
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Answer:
<u>Consider the following identity:</u>
- a³ - b³ = (a + b)(a² - ab + b²)
<u>Let a = 2, b = 1/2</u>
- (2 + 1/2)(2² - 2*1/2 + 1/2²) =
- 2³ - (1/2)³ =
- 8 - 1/8
$2.88/12=0.24 cents per ounce
The week would be week 5 and the amount would be $525
Answer:
1134mm
Step-by-step explanation:
