Question

Martin and Linda each have a 3% interest rate on a loan of $8500.
Martin’s monthly payment for a 4-year term is $188.
Linda’s monthly payment for a 3-year term is $247.
How much more in interest will Martin pay than Linda?

A.
$524

B.
$392

C.
$188

D.
$132

Answer 1

@gaos can you help me?

Answer 2

sorry, i was out.
let do it now,
martin= 188x12x4=9024
linda=247x12x3=8892
9024-8892=
132
d

Answer 3

can you help me with one more?

Answer 4

@gaos

Answer 5

yes

Answer 6

What is the total cost of an easy-access loan of $1700 borrowed for 30 days with a 29% monthly fee?

Answer 7

@gaos there is the question.

Answer 8

c=$(1+%)^t
c=1700x1.29
c=2193

Answer 9

so 2193 is the answer.....?

Answer 10

yes

Answer 11

Both of them are correct