First lets get rid of the deposit.
(0.95*6000)=5700
Formula is I=PRT
I= Interest earned
P=Principal amount (5700)
R=Rate (18% or 0.18 or 18/100)
T=Time period (2 years)
Equation:
I= 5700*2*0.18
I= 2052
But remember the question asks for monthly payments!
2052/24 (12 months in a year and T= 2 years)
Answer=$85.50
Answer:
Step-by-step explanation:
<u>Calculate and compare:</u>
- A) $32000
- B) $18.5*35*52 = $33670
- C) $30000 + 5% = $30000 + $1500 = $31500
- D) $17.5*35*52 + $1500 = $33350
No, because it is not per second. You would have to simplify to per one second for it to be a unit rate. Hope it helps! :)
Based On Extensive Research- my answer is:
eleven million, one hundred eleven thousand, one hundred eleven
If you have any question please message me without hesitation
Good luck! :)
1.5 billion euros according to the article "Could France sell off the Mona Lisa to pay its debt? 'Priceless' Da Vinci painting could make a dent in vast deficit" by Ian Sparks of DailyMail.com<span>
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