Answer:
S.I= 640
Step-by-step explanation:
I=prt
where p= $8,000
and r= 4%
and t= 2 years
$8,000×4%×2
8,000×4/100×2
80×4×2
=640
Therefore The S.I = 640.
(6-8)/(1+2)= -2/3 the answer to the question
<h3>T
he monthly payment is $242.44 for loan to paid off in 3 years.</h3>
Step-by-step explanation:
The amount borrowed = Principal = $8000
The rate of interest = 7.2%
Time (T) = 3 years
Now, Simple Interest = 

So, the total interest = $1728
Now, <u>Amount to be paid = Principal + Interest</u>
⇒ A = $8000 + $1728 = $8728
Also, 1 year = 12 months
⇒ 3 years = 3 x 12 months = 36 months
So, total amount to be paid in 36 months is $8728.
⇒The amount to be paid in 1 month is 
Hence, the monthly payment is $242.44 if loan is to paid off in 3 years.
You do 9x27=243 then take 2x31=62 add 243+62=305 then take 305 and subtract it from 28 305-28=277
so if i did it right you should get n=277