09-06-2017
Mathematics

contestada

John borrowed 1200 at 9% simple interest. He agrees to repay the loan by making 18 equal payments monthly. How much is the monthly payment?

Respuesta :

Bassoonist Bassoonist

10-06-2017

1200 times .09 = 108

so $108 interest

1200 +108 = 1308

1308 divided by 18 equals 72.67

so $72.67 a month

Answer Link

Otras preguntas

First in war, first in peace, and first in the hearts of his countrymen. What does this quote by Henry Lee illustrate by the phrase "first in war"? George Washi

Which describes the Mayflower Compact? A. a promise to treat the Indians fairly B. a treaty between Massachusetts and Rhode Island C. an early form of self-gove

A novel differs from a short story because a novel will usually offer more characters and events multiple endings fewer characters and events fewer chapters and

Vreau rezumatul la Sindbad Marinarul!

Which of the following strategies would best help a city combat a growing urban heat island? A. raise the electricity usage in city buildings B. eliminate nativ

how do i calculate (Log)23+(log)93?

Which of the following is a function of angiosperm fruits? a)egg pollination b)seed nourishment c)fertilization helper d)seed dispersal

Mark the item if the Chinese invented it. A. compass B. gunpowder C. musical instruments D. refined process for porcelain making E. paper F. printing pres

Aileen wants 2 green marbles. What is the probability she will draw 2 green marbles at random if she replaces the first marble before she draws the second marbl

A shoe box holds same-size disks. There are 5 red, 6 white, and 7 blue disks. You pick out a disk, record its color, and return it to the box. If you repeat thi