multiply all of that together
7x4= 28
28x4=112
Answer:
Interest paid = $2,095.30
Step-by-step explanation:
Gertrude takes out a $5,500 subsidized Stafford loan.
The loan has an interest rate of 6.8%, compounded monthly.
Present Value = $5,500.
Time period = 10 years. So N = 10 x 12 = 120 months.
Interest rate, R = 6.8/1200 = 0.005666667
Then PV = Pmt * [1 - (1+R)^(-N)]/(R)
5500 = Pmt * [1 - (1+0.005666667)^(-120)]/(0.005666667)
Pmt = $63.29418157
She made total repayment = 63.29418157 x 120 = $7,595.30
Interest paid = Total repayment - Loan Principal = $7,595.30 - $5,500 = $2,095.30
Interest paid = $2,095.30
Answer:
Interest to be paid = $2904
Step-by-step explanation:
As we know the formula of per month installments
By putting the value of P (loan applied for)=$5500
r (Monthly rate of interest)
n = number of monthly installments = 10×12 = 120
E.M.I.=$63.29
Total Installments of loan =120
Therefore total amount paid against loan = $63.39×120=7594.28
So interest paid = 7594.28-5500= $2094.28
Answer:
hope this helps:
Step-by-step explanation:
To find the missing term in a number sequence, identify the rule followed by the numbers in the sequence and then use this rule to find the missing term. In the above example, the rule followed by the numbers is “Add 8 and then subtract 2”. Hence, the missing term in the given number sequence is 32.
Phone Battery Life
A 20
B 25
C 10
D 18
If 7.75% of the battery life of each mobile phone is used in a day by a typical user, for which mobile phone is 0.775 hour of battery life used in a day?
Phone A
Phone B
Phone C
Phone D
Answer:
Probably phone C
Step-by-step explanation:
Answer:
1. B
2. D
hope this helped