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Sagot :
Answer:
a. 1710 b. 71.25
Step-by-step explanation:
the formula for simple interest is i=prt
2(9500)(0.09)= 1710
to find the monthly payment, divide by the number of months.
1710/24=71.25
$9500/100*9=$855 first year
So, two years are $1710 of interest.
$9500+$1710=$11,210
$11,210/24=$467.08 monthly payment
So, two years are $1710 of interest.
$9500+$1710=$11,210
$11,210/24=$467.08 monthly payment
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