If I=PRT and P=$49,236.45, R=105% and T=2 years, estimate I
1 answer:
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2)Since the score is 750, then the annual rate is 9.25% (see the table)
Then monthly rate:9.25/12=0.77%.
Then compute 0.77% from <span> $2,375.00 like this:
</span>
Answer: interest to pay: $18.30.
3)Compute monthly rate for first account:
9.75/12=0.81%
Compute 0.81% of $<span>1,675.00 like this:</span>
Second account:
compute monthly rate: 12.5/12=1.04%.
Then compute
Conclusion:
Monthly interest is $13.5+$17.4=$30.9
Then monthly rate:9.25/12=0.77%.
Then compute 0.77% from <span> $2,375.00 like this:
</span>
Answer: interest to pay: $18.30.
3)Compute monthly rate for first account:
9.75/12=0.81%
Compute 0.81% of $<span>1,675.00 like this:</span>
Second account:
compute monthly rate: 12.5/12=1.04%.
Then compute
Conclusion:
Monthly interest is $13.5+$17.4=$30.9