The answer is 31.4 just do 3.14 times 5 times 2
The monthly interest payment is 162
<h3>What is Interest?</h3>
Interest, in its most simple form, is calculated as a percent of the principal.
First,
monthly interest rate,
= 0.24/12
= 0.02.
Now,
Average monthly interest,
=0.02×$675
= $13.50.
Thus, the annual interest payments,
= 12×$13.50
= $162
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Answer:
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Step-by-step explanation:
You need to find the value of the variable "x".
To solve for "x" you need to apply the following property of logarithms:

Apply logarithm on both sides of the equation:

Now, applying the property mentioned before, you can rewrite the equation in this form:

Finally, you can apply the Division property of equality, which states that:

Therefore, you need to divide both sides of the equation by
. Finally, you get:

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