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3 years ago

12

Find I. Choose the right answer. Amount Financed (m) = $1,100 Number of Payments per year (y) = 12 Number of Payments (n) = 18 T

otal Interest (c) = $88.18
A. 10.6%
B. 10.1%
C. 10.3%

2 answers:

elena-s [515]3 years ago

8 0

Answer:

10.1

Step-by-step explanation:

NikAS [45]3 years ago

5 0

B. 10.1%

(2)(12)($88.18) ÷ [($1100)(18+1)]
(2,116.32) ÷ (20,900)
= 0.1012
= 10.1%

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