Megan borrowed$50,000 at 5% simple interest for 6 years. joseph borrowed $60,000 at 4% simple interest for 8 years. using the formula m=p+prt/12t, who will have a greater monthly payment, m,and by how much

16

step-by-step explanation:

2 x 40 = 80

80/5

= 16

22 dimes and 9 nickels

step-by-step explanation:

for certain loans like mortgage loans, lenders scrutinize your debt to income ratio when you are applying for credit because it them evaluate your ability to repay your debts.

i believe your answer is a