Answer:
B. $271
Step-by-step explanation:
Given,
Present value of the loan, PV = $ 6000,
Annual rate of interest = 8 % = 0.08,
So, the monthly rate of interest, r = ,
Also, time = 2 years,
So, the total number of months, n = 24,
Hence, the monthly payment would be,
Option B is correct.
1) x = 3
y = 42
2) x = 50
y = 70
1) 12x + 6 = 14x
6 = 2x
x = 3
14(3) = y
42 = y
2) 2x + 10 + x + 20 = 180
3x + 30 =180
3x= 150
x=50
2(50)+10=110
110-180
y=70