Answer:
monthly payment is $377
C is the correct option.
Step-by-step explanation:
The formula for the monthly payment is given by
Given that,
P = $20,000
n = 5 years = 60 months
r = 0.05
Substituting these values in the formula
On simplifying, we get
Therefore, the monthly payment is $377
C is the correct option.
Answer: $30
Step-by-step explanation:
Starting with the original formula, you can solve for the cost of the shirt.
First, convert the percentage to a decimal - 15% = .15, and then plug it into the formula:
.15x = $4.50
In order so solve this you need to divide both sides by .15:
X = $30