Answer:
You'll pay $3013
Step-by-step explanation:
Amount to pay=$2620+Interest accrued
A=$2620+($2620×0.03×5)
A=$2620+$393
A=$3013
F(r) = 60 - 2/3r r = 12
Substitute r for 12
f(12) = 60 - 2/3(12) 12 * 2/3 = 8
f(12) = 60 - 8
f(12) = <u /><em><u>52</u></em><em><u /></em>
52 is your answer
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Multiply out the bracket so
-27 + 36w - 8w
Then collect the terms so
-27 + 28w
Answer = - 27 + 28w
