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kaheart [24]
4 years ago
12

The formula I = 2yc divided by m(n+1), the c stands for

Mathematics
2 answers:
brilliants [131]4 years ago
8 0
Total interest
.........................
Anarel [89]4 years ago
5 0

Answer: Total interest.

Step-by-step explanation:

Since In the formula,

I = \frac{2yc}{m(n+1)}

Where,

y = payments per year,

c = total interest paid,

m = amount financed,

n = total number of payment,

I = true interest rate.

Thus, Second option is correct.

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\huge \boxed{\mathfrak{Question} \downarrow}

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\large \boxed{\mathfrak{Answer \: with \: Explanation} \downarrow}

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Hope it'll help you!

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