I believe you would have to multiply both 25 and 20 and what ever number you get dived by 100 if the numbers to high multiply aging or subtract the number (if it's wrong I'm really not good at my math I'm sorry)
Answer:
18+316−251−11
=72
Step-by-step explanation:
18+316−251−11
=334−251−11
=83−11
=72
Answer:
A. $3,984
Step-by-step explanation:
The amount of interest is computed from ...
I = Prt
For the given values, the interest is ...
I = $3600×0.08×(16/12) = $384
Then the total amount that needs to be repaid is ...
Principal + Interest = $3600 +384 = $3,984
_____
The time period is 16 months, so is 16/12 years.
The time periods of the interest rate and "t" in the formula must match. If the interest rate is an annual rate, then "t" is in years. If the interest rate is a monthly rate, then "t" is the number of months.