Ask Question
5 April, 12:11

Leonardo da vinci took out A simple interest loan at 12.75% interest for 12 months. His previous balance is % 942.36. What is his final payment if the loan is paid off with the next payment?

+1
Answers (1)
  1. 5 April, 16:06
    0
    A = 2,384.1708

    Step-by-step explanation:

    A = P (1 + rt)

    P = 942.36

    r = 12.75%

    t = 12 months

    A = 942.36 (1 + 12.75/100 (12))

    A = 942.36 (2.53)

    A = 2,384.1708
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Leonardo da vinci took out A simple interest loan at 12.75% interest for 12 months. His previous balance is % 942.36. What is his final ...” in 📘 Mathematics 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