Ask Question
21 July, 18:41

Mohammad borrowed $809 for nine months, with monthly payments of $96.00. What is the amount of total payments?

+5
Answers (1)
  1. 21 July, 19:41
    0
    Amount of total payment is $864.

    Explanation:

    Principal Amount = $809

    Monthly payments = $96

    Number of months = 9 Months

    Total payment = Monthly Payment x Number of Months

    Total payment = $96 x 9 months

    Total payment = $864

    Extra payment paid with principal = Total Payment - Principal payment

    Extra payment paid with principal = $864 - $809

    Extra payment paid with principal = $55
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Mohammad borrowed $809 for nine months, with monthly payments of $96.00. What is the amount of total payments? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers