The formula for simple interest is:
A = P(1+rt)
Where P = amount borrowed
r = interest rate
t = time of loan
A = 5000(1 + 0.125*2)
A =6,250
The total amount she paid back was $6,250
For her monthly payment divide total paid back by 24 months ( 2 years = 24 months)
6250 / 24 = 260.42
Her monthly payment was $260.42
Answer:
261
Step-by-step explanation:
I took each number and divided each of them by 9 until I got a whole number with no decimals.
261 ÷ 9 = 29
Answer: First option is correct.
Step-by-step explanation:
Since we have given that

Now, by factorising , we get

Now, we use the formula i.e.

By using this, we get ,

So,
