193.09x15/100=28.9635
193.09-28.9635=164.1265
164.1265x5/100=8.206325
164.1265+8.206325=172.332825
Which C
Answer:
Step-by-step explanation:
We simply move all the terms that do NOT contain 
and then we solve it from there. And that's how we got our answer.
The balance of the loan at 14 months= $10,561.25
It would take a total 23 months to pay off the loan.
The total amount of money paid for the car is = $9,052.5
<h3>Calculation of loan compounded monthly</h3>
The total loan for the car = $8,500
The rate at which the loan is compounded monthly is
= 6.5%
The monthly payment for the loan = $390
- To calculate the balance of the loan at 14 months;
Find the simple interest
= P×T×R/100
= 8,500 × 1 × 6.5/100
= 55,250/100
= $552.5
If 12 months = 8,500 + 552.5
14 months = X
make X the subject of formula,
X = 14 × 9052.5/12
X= 126,735/12
X = $10,561.25
- To calculate the period of time it will take to pay off the loan
The amount paid monthly = $390
The amount to be paid for the loan with interest = 8,500 + 552.5 = $9,052.5
If 1 month = $390
× month = $9,052.5
Make X the subject of formula,
X = $9,052.5/$390
X= 23 months
The total amount of money paid for the car is already calculated which is through the simple interest
= P×T×R/100
= 8,500 × 1 × 6.5/100
= 55,250/100
= $552.5
- Total amount of money paid for the car
= 8,500 + 552.5
= $9,052.5
Learn more about simple interest here:
brainly.com/question/20690803
#SPJ1
Answer:
True
Step-by-step explanation:
Adding -ed to a verb will make it a simple past tense verb
Hope this helps :)
Step-by-step explanation:
I'm not downloading that pdf on my phone papa (®c®)
