Simple interest means an portion of the principal is added to the principal. In this case the 6% simple interest is will be only from the principal amount which is $800.
A. The finance charge or the interest is $48 ( 6% of $800).
B. The total amount to be repaid is $800 (principal amount) + $48 (6% interest) = $848.
C. To equally pay off the total amount every month, we simply divide $848 by 8 months. $848 / 8 months = $106. The monthly payment would be $106.
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Step-by-step explanation:
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Answer:
The value of x is 8/5
Step-by-step explanation:
(35/6)x + (8/3) = 12
(35/6)x = 28/3 (cross multiplication)
105x = 168
x = 8/5
Answer:
where are the options
Step-by-step explanation:
