Megan borrowed $50,000 at 5% simple interest for 6 years. Joseph borrowed $60,000 at 4% simple interest for 8 years. Using the formula m=P+Prt/12t, who will have a greater monthly payment, m, and by how much?
A. Megan will pay approximately $8 dollars more per month.
B. Megan will pay approximately $78 dollars more per month
C. Joseph will pay approximately $8 dollars more per month.
D. Joseph will pay approximately $78 dollars more per month.
Answers (2)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Megan borrowed $50,000 at 5% simple interest for 6 years. Joseph borrowed $60,000 at 4% simple interest for 8 years. Using the formula ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A grocery store sells a bag of 5 lemons for $2.00. What is the unit cost of each lemon in the bag?
Answers (2)
F (x) = /,/,3x^2-6x+5 3x 2 -6x+5 g (x) = g (x) = /,/,-4x-13 -4x-13 /text{Find: }f/circ g (x) Find: f∘g (x)
Answers (1)
A gas pump machine rejects 12 percent of credit card transaction. if this is twice the normal rejection rate for a normal gas pump, how many out of 500 credit cards transactions would a normal gas pump machine reject?
Answers (1)
A biologist is researching the population density of lizards near a boulder in a desert. The biologist counts 15 lizards within a radius of 1/4 mi of the boulder. What is the population density of lizards?
Answers (1)
When jamies car moves forward such that each tire makes one full rotation the car has traveld 72 inches how many full rotation will the tires need to make for jamies car to travel 10 yards
Answers (1)
New Questions in Mathematics
Cross out the word does not belong in each group Primrose cowslip - bee grasshopper-humming singing - daisy oak tree - grasses butterfly - fluttering meadow
Answers (1)
What is the mode of this data set: 17, 13, 18, 20, 17, 15, 12 A. 19 B. 17
Answers (1)
Find the volume for the regular pyramid. slant height = 6, length of side = 4
Answers (1)
Four identical robots lie on the ground head-to-toe and measure 14 feet. How tall is each robot?
Answers (1)
A trapezoidal pyramid has a volume of 3168 cm^3 and its height is 36cm the lengths of the 2 bases of the trapezoidal base are 18cm and 28cm what is the height of the trapezoidal base
Answers (1)