Mathematics, 19.04.2020 23:26 kawsu
Allen’s uncle sold him a car for $6400. The gentleman’s agreement was that Allen would pay back his uncle in monthly payments for two years. The payments would include interest calculated as simple interest at an annual rate of 3.9% for two years. (a) What was the amount of interest that Allen’s uncle charged him? (b) What was the total amount that Allen owed his uncle? (c) What were Allen’s monthly payments? Express the payments rounded to the nearest cent
Answers: 2
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Allen’s uncle sold him a car for $6400. The gentleman’s agreement was that Allen would pay back his...
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