Answer:
Loan Q’s finance charge will be $83.73 greater than Loan P’s
Step-by-step explanation:
Using EMI Formula
EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
Loan P
P = $19,450
R = 5.8/1200
N = 9 * 12 = 108
EMI = 231.6 $
Amount Paid = 231.6 * 108 = $ 25012.8
Interest Paid = 25012.8 - 19450 = $ 5562.8
Service Charge = $ 925
Total Finance Charges = $ 6487.8
Loan Q
P = $19,450
R = 5.5/1200
N = 10 * 12 = 120
EMI = 211.1 $
Amount Paid = $ 25330.8
Interest Paid = 25330.8 - 19450 = $ 5880.8
Service Charge = $ 690.85
Total Finance Charges = $ 6571.65
Loan Q - Loan P fiance charges = $ 83.85
Loan Q’s finance charge will be $83.73 greater than Loan P’s is closet
Answer: C
Step-by-step explanation:
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Assignment: 
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Answer: 
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Explanation: 
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[ Step One ] Follow PEMDAS Order Of Operations; Calculate Within Parenthesis
Note: 

[ Step Two ] Rewrite Equation

[ Step Three ] Calculate Within Parenthesis

[ Step Four ] Rewrite Equation

[ Step Five ] Calculate Exponents

[ Step Six ] Rewrite Equation

[ Step Seven ] Multiply

[ Step Eight ] Rewrite Equation

[ Step Nine ] Subtract

[ Step Ten ] Rewrite Equation

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Answer:
The answer is D. 12 children, 147 adults.
Step-by-step explanation:
I solved all of the possibilities and only D was the answer.
A. 16 children, 143 adults = $1,367
B. 6 children, 153 adults = $1,407
C. 9 children, 150 adults = $1,395
D. 12 children, 147 adults = $1,383
So, the answer is D.
Hope this helps! :)