Mercedes takes out a loan for $
15
,
000
at a simple interest rate of
4
%
to be paid back in
48
monthly installments.

What is the amount of the monthly payments?

Monthly payment = $50

Step-by-step explanation:

Principal, P = $15000

Rate , R = 4%

T= 48 months = 4years

So, total interest for 4years ( or 48 months)  is $2400

Therefore, monthly payment is

if he has no friends he cant give them out to his friends

step-by-step explanation:

no friends = cant give anything out

yes

step-by-step explanation:

give me the question

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