Question

The formula I = 2yc divided by m(n+1), the c stands for

number of months
total interest
amount financed
number of months total

Answer 1

Total interest
.........................

Answer 2

Answer: Total interest.

Explanation:

Since In the formula,

`I = (2yc)/(m(n+1))`

Where,

`y` = payments per year,

`c` = total interest paid,

`m` = amount financed,

`n` = total number of payment,

`I` = true interest rate.

Thus, Second option is correct.