Answer:
5 years
Step-by-step explanation:
Step one:
Given Information
Principal= $34,000
rate = 4.8%
SImple interest = $8,160
Required
The time T of the investment
Step two:
the expression for simple interest is
substitute
cross multiply we have
divide both sides by 163200
So there are many factors to this, but lets assume the basics:
-He made equal payments every month for 36 months
assuming that is true, the answer is $2,975.42
Assuming that is NOT true and he made NO monthly payments at all and at the end paid the entire balance, the interest would be $6,250.50
Answer: The answer is 180 degrees
do you have any more information?
Answer:
Hi Ok So I might be wrong but Here is my answer
$1237.50
r = 4.5% = 0.045
I = prt
I = 5500*0.045*5
= $1237.50
Hope i helped pls mark me as brain list if I'm correct
Step-by-step explanation:
