if you buy a tv for $2000 and only make the minimum payment how long will it take you to pay off the debt and how much will the
1 answer:
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Answer:
£700
Step-by-step explanation:
First we find the interest on this money.
Interest = Principal * Rate * Time
=
=5 * 8 * 5
=£200
Interest = £200
Now you add his actual money to the interest you just found to give you the total amount.
Amount = £500 + £200
= £700