ChevyGirl253 ChevyGirl253

23-11-2016
Mathematics

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Find I. Choose the right answer. Amount Financed (m) = $1,100 Number of Payments per year (y) = 12 Number of Payments (n) = 18 Total Interest (c) = $88.18

A. 10.6%
B. 10.1%
C. 10.3%

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06-12-2016

B. 10.1%

(2)(12)($88.18) ÷ [($1100)(18+1)]
(2,116.32) ÷ (20,900)
= 0.1012
= 10.1%

Answer Link

09-02-2019

Answer:

10.1

Step-by-step explanation:

Answer Link

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