Answer: C. 5.9 %
Step-by-step explanation:
Here, the Present amount of loan, PV = 21,349 - 3000 = 18,349
Monthly payment, P = 352
Total number of periods, n = 12\times 5 = 60
Let the APR = r
Since,
⇒
⇒
⇒
⇒
⇒
⇒ r = 0.0568 = 5.68 % ≈ 5.7%
Since, 5.7% is near to 5.9%.
Thus, the correct answer is C.
Answer:
Step-by-step explanation:
First, you need to get a common denominator.
You can do this by multiplying each fraction by 3 or 4.
See,
4/3 * 4/4=16/12
5/4 * 3/3=15/12
16+15=31
31/12
Answer:
Step-by-step explanation:
25 + 14 / (5-3)
25 + 14 / 2
25 + 7
32
Answer:
im not sure ask siri
Step-by-step explanation:
she knows everything
Answer:
Step-by-step explanation:
2x + 5y = 6 --------( 1 )
5x - 2y = 9 --------( 2 )
_____________
( 1 ) x 5 => 10x + 25y = 30 -----------( 3 )
( 2 ) x 2 => 10x - 4y = 18 ----------- ( 4 )
______________
( 3 ) - ( 4 ) => 0 + 29y = 12
Substitute y in ( 1 ) =>