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3 years ago

14

Adele Garcia obtained a loan of 8,000$ at 12% interest for 24 months . The monthly payment is 367.80. after 15 payments the bala

nce is 3222.44. what is the interest for the sixteenth payment ? explain

1 answer:

Rama09 [41]3 years ago

8 0

Answer:

6

Step-by-step explanation:

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ehidna [41]

Simple...

you have: $\frac{7}{8}$ and $4 \frac{3}{8}$

Now, the first one is easy just divide it...

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Now....

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$\frac{35}{8}$

Now divide...

$\frac{35}{8}=4.375
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Step-by-step explanation:

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Step-by-step explanation:

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