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Hatshy [7]
3 years ago
11

I need someone to do this question

Mathematics
2 answers:
vfiekz [6]3 years ago
8 0

9514 1404 393

Answer:

  $1487.50

Step-by-step explanation:

The amount of interest due is ...

  I = Prt

where P is the loan amount, r is the annual rate, and t is the number of years. Here, t = 6 months = 1/2 year, so the interest due is ...

  I = $1400×0.125×1/2 = $87.50

The total amount due is the sum of the loan amount and the interest:

  due = $1400 +87.50 = $1487.50

The total amount due after 60 months is $1487.50.

charle [14.2K]3 years ago
6 0

Answer:

$1487.50

Step-by-step explanation:

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Let's check the information provided to us to answer the question correctly:

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