Answer:
7.66666666667
Step-by-step explanation:
Answer:
Monthly payment = $268.32
Over the 10 years interest
= $32198.4
Step-by-step explanation:
According to the question
James will be paying his interest on a monthly basis.
So let's calculate how much the interest of a month it's going to be become with
P = 64397
R = 5
T =1/12
I = (64397*5*(1/12))/100
I = 321985*(1/12)/100
I = 26832.08333/100
I = 268.32
I = $268.32
So he will be paying$ 268.32 every month for 10 years
But in 10 years we have 10*12= 120 months
So total interest = 120*268.32
= $32198.4
Well 3 divided by 100 is 3 hundredths. 3/100=.03 that would be an example. another is 30000 divided by 100. that would be 300. you just take away 2 zeros for that one.
Answer:
The answer is 165/6, or 27 and one half.
Step-by-step explanation:
