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nataly862011 [7]
3 years ago
12

eve found a furniture store that sells an entertainment center she wants for $2,445. if the store offers a one-year loan, with a

10% down payment and monthly payments of $195, how much would she pay in interest​
Mathematics
1 answer:
ExtremeBDS [4]3 years ago
3 0

Answer:

$90

Step-by-step explanation:

Given from the question that the down payment is 10% the selling price of the store this will be;

10/100 * $2445 = $244.50

Monthly payments = $195

For one year, paying $195 per month will give a total of : $195 * 12 =$2340

Adding the down payment to get total amount paid = $2340 + $195 = $2535

The interest paid will be : $2535 -$2445 = $90

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