Question

Can someone check my math? Will post it below.

Answer 1

MONTH ONE

1568.00 x 11.3% = 14.77
1568.00 + 14.77 = 1582.77
1582.77 - 300.00 = 1282.77

MONTH TWO
1282.77 x 11.3% = 12.08
1282.77 + 12.08 = 1294.85
1294.85 - 300.00 = 994.85

MONTH THREE
994.85 x 11.3% = 9.37
994.85 + 9.37 = 1004.22
1004.22 - 300.00 = 704.22

MONTH FOUR
704.22 x 11.3% = 6.63
704.22 + 6.63 = 710.85
710.85 - 300.00 = 410.85

MONTH FIVE
410.85 x 11.3% = 3.87
410.85 + 3.87 = 414.72
414.72 - 300.00 = 114.72

MONTH SIX
114.72 x 11.3% = 1.08
114.72 + 1.08 = 115.80
115.80 - 115.80 = 0.

TOTAL INTEREST
14.77 + 12.08 + 9.37 + 6.63 + 3.87 + 1.08 = 47.80
$47.80 dollars paid in interest.

It took six months to pay off.

Answer 2

hmm idk but it looks right to me hope it help idk though i'm not good at math @Preetha

Answer 3

Thanks. ^^

Answer 4

I'll check it for you

Answer 5

Thanks!

Answer 6

the first one is wrong 1568*11.3% is 177.184

Answer 7

2nd column first one 1282.77*11.3% is 144.95301

Answer 8

It has to be rounded.

Answer 9

rounded to nearest whole number?

Answer 10

Mhm.

Answer 11

well first is 177 and second is 145

Answer 12

yeah i think the math is off XD
i can help more if you'd like

Answer 13

I think it's alright, we have to times the %s by 1 and divide them by 12.

Answer 14

thank you!

Answer 15

oh i didn't know you were dividing by 12! im so sorry lol

Answer 16

Its totally cool! I saw what you meant.

Answer 17

Thanks for your help <3

Answer 18

welcome even though i wasn't much help lol