pete took out a 48 month loan for $5,200 to buy a used mortorcycle. if the simple interest rate is 8.5 % how much will he have p
aid in total at the end of the loan?
2 answers:
Answer:he would have paid $6,968.00
Step-by-step explanation:
5200x0.085=442. 42/12=4. 4x422=1768
1768+5200=6968
Answer:
23904 (please correct me if i'm wrong, i'm a bit rough on this)
Step-by-step explanation:
5,800 x 0.085 (or 8.5%) = 493
493 x 48 = 23904
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Step-by-step explanation:
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Hope this helps
It would be: 48 * 3/4 = 36
your answer is 36
