One of the heaviest rainfalls recorded in greentown in a 24-hour period was 178.8 centimeters.if the rainfall was constant, how
1 answer:
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Answer:
$1169.45
Step-by-step explanation:
Using the formula:
where;
Loan amount L = 160000
number of months (n) = 20 × 12 = 240
Lets assume that the interest rate per month c = 6.25% since it is not given.
i.e. (6.25/( 100*12) ) = 5.208 × 10⁻³
∴
P = $1169.45