Register

Dr. Jones would like a computer system for the office to help with management of the clinic. The cost is $15,000, and the interest rate is 4.6%. The amount of interest to be pai…

Dr. Jones would like a computer system for the office to help with management of the clinic. The cost is $15,000, and the interest rate is 4.6%. The amount of interest to be pai…
59.3k views
4 votes
Dr. Jones would like a computer system for the office to help with management of the clinic. The cost is $15,000, and the interest rate is 4.6%. The amount of interest to be paid is $3,450. How many months is the loan for?

User Gthm
by
8.4k points

1 Answer

5 votes
15,000 x 4.6%= 690 per month

690 x 5= 3,450

The loan is for 5 months.

Have a nice day! c:
User Idragosalex
by
8.6k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Write words to match the expression. 24- ( 6+3)
Link Copied!