contestada

Forum: W3D: Discussion -J-MAX A ALEKS- Josephine Nyame - Lea XC=|||84 F(b)08https://www-awu.aleks.com/alekscgi/x/Isl.exe/10_u-IgNslkr7j8P3jH-liJQhiJODya094wj2gIJSklb9ag PtGFIZ2D940VajJjsRATIOS, PROPORTIONS, AND PERCENTSComputing the total cost and interest for a loanTo purchase $12,300 worth of machinery for his business, Bob made a down payment of $1600 and took out a business loan for the rest. After 2 years ofpaying monthly payments of $474.24, he finally paid off the loan.(a) What was the total amount Bob ended up paying for the machinery(including the down payment and monthly payments)?+How much interest did Bob pay on the loan?I need help with this math problem

Forum W3D Discussion JMAX A ALEKS Josephine Nyame Lea XC84 Fb08httpswwwawualekscomalekscgixIslexe10uIgNslkr7j8P3jHliJQhiJODya094wj2gIJSklb9ag PtGFIZ2D940VajJjsR class=

Respuesta :

Part A

1 year=12 months

so

2 years=24 months

Total amount=1,600+24(474.24)

Total amount=$12,981.76

The answer Part A is $12,981.76

Part B

Interest=12,981.76-12,300

Interest=$681.76

The answer Part B is $681.76

Otras preguntas