345500=pmt[(1-(1+0.04875/12)^(-12×15))/(0.04875/12)]
Solve for pmt
Pmt=2709.75
Answer:
<em>36000</em>
Step-by-step explanation:
Given the following
Principal = 60,000
Rate = 15%
Time = 4years
Using the simple interest formula
SI = PRT/100
SI = 60000*15*4/100
SI = 600 * 60
SI = 36,000
<em>Hence the interest paid after 4 years is 36000</em>
Answer:
D
Step-by-step explanation:
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Answer:
X= 7
Step-by-step explanation:
Since x= 2 you would plug it in 3.5 times 2 = 7
