What do you mean, you need more information in your queston p,ease try to ask it again, it makes no Sence
Answer:
$6.25
Step-by-step explanation:
1.25 x 5 = 6.25
it´s the cost times how ever many days
First lets get rid of the deposit.
(0.95*6000)=5700
Formula is I=PRT
I= Interest earned
P=Principal amount (5700)
R=Rate (18% or 0.18 or 18/100)
T=Time period (2 years)
Equation:
I= 5700*2*0.18
I= 2052
But remember the question asks for monthly payments!
2052/24 (12 months in a year and T= 2 years)
Answer=$85.50
