adventvelocity adventvelocity

25-10-2020
Mathematics

contestada

Maria Torres Barros $8000 at 8% add on rate for four years. What is the interest? What is the monthly payment?

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andrewruggero92 andrewruggero92

25-10-2020

The interest is $640, meaning you has to pay back $8640. The monthly payment is $180.
Explanation: 8000•.08=640III640+8000=8640
12 Months in a year, multiply by 4 to get 48. 8640/48=180.

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