anonymous
  • anonymous
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
Mathematics
schrodinger
  • schrodinger
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anonymous
  • anonymous
@gaos can you help me?
anonymous
  • anonymous
sorry, i was out. let do it now, martin= 188x12x4=9024 linda=247x12x3=8892 9024-8892= 132 d
anonymous
  • anonymous
can you help me with one more?

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anonymous
  • anonymous
anonymous
  • anonymous
yes
anonymous
  • anonymous
What is the total cost of an easy-access loan of $1700 borrowed for 30 days with a 29% monthly fee?
anonymous
  • anonymous
@gaos there is the question.
anonymous
  • anonymous
c=$(1+%)^t c=1700x1.29 c=2193
anonymous
  • anonymous
so 2193 is the answer.....?
anonymous
  • anonymous
yes
anonymous
  • anonymous
Both of them are correct

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