Here the monthly payment is $1500.
Now 12% of this payment is interest.
Now 12% of 1500 = 0.12 ×1500 = $180
But this is the interest for one month.
As deductions are made in the financial year.
So the interest needs to be calculated for the whole year which is 12 months.
Now the interest for the whole year is 180 × 12 = $2160.
Option C) is the right answer.
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Answer: 20:45
I hope this helped!
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- Zack Slocum
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Answer:
The plumber charges £16.50 per hour. this is how to solve it. You minus the callout fee from the total fee which is £167.00- £18.50=£148.50. So you then divide 148.50 by the amount of hours which is 9 hours. so 148.50÷9 = £16.50
