Answer:7/4 & 3
Step-by-step explanation:Just did the test!
9514 1404 393
Answer:
- $304
- $91.83
Step-by-step explanation:
1. The finance charge is found from the simple interest formula;
I = Prt
where P is the principal amount, r is the annual rate, and t is the number of years.
24 months is 2 years, so the interest charged is ...
I = $1900×0.08×2 = $304
The finance charge is $304.
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2. The monthly payment will be the total amount due, divided by the number of months.
payment = ($1900 +304)/24 = $2204/24 ≈ $91.83
The monthly payment is $91.83.
Answer:
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Step-by-step explanation:
