The monthly interest payment is 162
<h3>What is Interest?</h3>
Interest, in its most simple form, is calculated as a percent of the principal.
First,
monthly interest rate,
= 0.24/12
= 0.02.
Now,
Average monthly interest,
=0.02×$675
= $13.50.
Thus, the annual interest payments,
= 12×$13.50
= $162
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Answer:
free points
Step-by-step explanation:
If you are asking for a term, I believe this statement defines a
Answer:
2.069, 2.69, 2.6912, 2.7
Step-by-step explanation:
