Meiko is hanging a picture-collage on her wall. The dimensions of the collage are shown in the diagram. She plans to cover the c
ollage with smaller pictures that have the same shape as the collage. If the base of each small picture is 4.5 inches and the height is 3.5 inches, how many small pictures will fit within the college?
2 answers:
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The amount Jerry paid in interest is $1,040.
Given to us,
Jerry's principal amount = $ 22,000,
quarterly payment for each quarter = $ 640
Total time for which Jerry paid each quarter = 9 years
As We know that in a year there are 4 quarters,
so, ,
,
9 years = 36 quarters,
The total amount paid by Jerry for nine years in each quarter =
quarterly payment for each quarter x no. of quarters for which amount paid
Thus, the total amount paid by Jerry for nine years in each quarter is $23,040.
Therefore,
,
Hence, the amount Jerry paid in interest is $1,040.
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