Easy, just do 45-25.50= 19.50 and then divide 19.50 by 6, and then you get 3.25. So, your answer would be $3.25.
Answer:
cheese
Step-by-step explanation:
The amount of extra interest that will be paid is $24300
Since Nellie took out a car loan for $45,000 payable for 6 years at an interest rate of 15%, the interest that she will pay will be:
= ($45000 × 6 × 15) / 100
= $40500
On the other hand, if she hasn't applied for bankruptcy, the amount that she will pay will be:
= ($45000 × 6 × 6) / 100
= $16200
Therefore, the difference between the interest will be:
= $40500 - $16200
= $24300
The correct option is $24300. The given options are incorrect.
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Hi there
The formula is
A=p (1+r)^t
A future value 11700
P present value 900
R interest rate 0.0875
T time?
We need to solve for t
T=log (A/p)÷log (1+r)
So
T=log(11,700÷900)÷log(1+0.0875)
T=30.6years round your answer to get
T=31 years
Hope it helps
Answer:
C)
Step-by-step explanation:
