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anonymous
 one year ago
Peter wants to borrow $3,000. He has two payment plans to choose from. Plan A is 4% interest over 6 years. Plan B is 5% interest over 4 years. Using the formula m=p+prt/12t for payment, m, which statement best compares the plans?
anonymous
 one year ago
Peter wants to borrow $3,000. He has two payment plans to choose from. Plan A is 4% interest over 6 years. Plan B is 5% interest over 4 years. Using the formula m=p+prt/12t for payment, m, which statement best compares the plans?

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anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Plan A has a monthly payment of about $23 less and a total interest charge of $120 less than plan B. Plan A has a monthly payment of about $23 less and a total interest charge of $120 more than plan B. Plan A has a monthly payment of about $23 more and a total interest charge of $120 more than plan B. Plan A has a monthly payment of about $23 more and a total interest charge of $120 less than plan B.

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0ok, so plan B cost 600 and plan A cost 720 correct?

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0but there are 6 years in plan A and 4 years in plan B

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0and how many months are in a year @dreamstoogood

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0ok so divide both amounts by 12

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0no, nvm that was wrong

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0whats 12x6 and 12x4?
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