7. Loan amount = $12000
Monthly payment = $380
Duration of the repayment = 3 years = 3(12) = 36 months.
Total amount Jason repaid = 36 × 380 = 13680
Interest on loan amount = amount repaid - loan amount
= 13680 - 12000
= 1680
Hence, total amount Jason paid in interest on loan = $1680 and the correct option is (D).
8. Loan amount = $35000
Monthly payment = $315
Duration of the repayment = 10 years = 10(12) = 120 months.
Total amount Gerald repaid = 120 × 315 = 37800
Interest on loan amount = amount repaid - loan amount
= 37800 - 35000
= 2800
Hence, total amount Gerald paid in interest on loan = $2800 and the correct option is (B).
Answer:
Step-by-step explanation:
let x = the amount of money in the second piggy back
We assume that the second piggy bank has MORE than the piggy bank with $7.31 in it:
x - 7.31 ≤ 10
<u>Solution</u>
Add 7.31 to both sides: x - 7.31 + 7.31 ≤ 10 + 7.31
⇒ x ≤ 17.31
The 24 pack. The 6 pack would be 41 cents per unit, the 12 would be 33, but the 24 would be 22.
Hello there! 9+7=16. I hope this helps!
