Suppose Elroy wants to get a loan for $ 7 , 000 at an interest rate of 6 % for 2 years to be paid back in 24 monthly installment s. Calculate this loan using simple interest. What is the amount of the monthly payments? Round the answer to the nearest cent (hundredth).
1 answer:
Answer:
$326.67
Step-by-step explanation:
Amount of Interest=7000(6%)(2)=$840
Monthly installment=7000+840/12=$326.67 (nearest hundredth)
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Answer:
6:15
Step-by-step explanation:
2/3= 10/15
2/5= 6/15 study french
6:15
Answer:
4:3
Step-by-step explanation:
Answer:
x = 8; y = 29
Step-by-step explanation:
In a parallelogram, opposite angles are congruent.
8x = 7x + 8
x = 8
4y = y + 87
3y = 87
y = 29
The answer is 41 but if you take it step by step you will get 140
