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trasher [3.6K]
3 years ago
15

A music company offers a loan to buy a drum set for $1500. The simple interest is 11.8% and the loan will be paid in equal month

ly payments for 2 years. What is the monthly payment?
Mathematics
1 answer:
Aliun [14]3 years ago
6 0
I = Prt

I = 1500(.118)(2) = 354

Total amount to pay = $1854
Monthly payment = $77.25

I hope this helps!
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Answer:

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Goryan [66]

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Explanation:


Percentage is defined as parts of an amount  in 100 parts of a basis. This must be stated mathamatically for better understanding and for calculations. It is the ratio:

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3 years ago
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4 0
3 years ago
I know the answer just double checking <br>Expand<br>5(y+7)​
vekshin1
X=5(y+7) or x=5y+35
sorry if I’m wrong
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