Answer:
Total interest = $3.41
Step-by-step explanation:
Since she can pay $72 each month we can divide the payments on monthly basis till all the money is paid.
The annual interest rate is 24.7%, so the monthly rate will be 24.7 ÷ 12= 2.058%
For the first month
With payment of $72 the remaining amount will be 189.56 - 72 = $117.56
Interest paid will be 0.02058 * 117.56 = $2.42
Total amount owed now will be 117.56 + 2.42 = $119.98
For the second month another payment of $72 is made
The remaining will be 119.98 - 72 = $47.98
Interest charged will be 0.02058 * 47.98 = $0.99
The amount owed will be 47.98 + 0.99 = $48.97
In the third month she will pay the remaining $47.98 which is within her monthly limit
Total interest paid = Sum of Amount paid each month - Initial amount spent
Total interest = {(72 * 2) +48.97} - 189.56 = $3.41
Answer:
1:44
Step-by-step explanation:
You can subtract 32 minutes from 2:32 to get 2:00.
Since you only subtracted 32, subtract 16 (16+32=48) from 60, since 60 minutes is one hour, to get 1:44
If two objects have the same shape, they are called "similar." When two figures are similar, the ratios of the lengths of their corresponding sides are equal so the word would be ratio
Pedro's language arts homework took him 38 minutes to do
