Answer: $62.15.
Step-by-step explanation:
Interest = Principal x Rate x Time
First, let's calculate the interest on the Nintendo Switch. The principal amount is $350, the annual interest rate is 13%, and the time is 6 months. We need to convert the annual interest rate to a monthly rate by dividing it by 12 (since there are 12 months in a year).
Monthly Interest Rate = Annual Interest Rate / 12
Monthly Interest Rate = 13% / 12
Monthly Interest Rate = 0.13 / 12
Monthly Interest Rate = 0.01083
Now we can calculate the interest:
Interest = Principal x Rate x Time
Interest = $350 x 0.01083 x 6
Interest = $22.89
The total amount Noriko will have to pay is the principal amount plus the interest:
Total Amount = Principal + Interest
Total Amount = $350 + $22.89
Total Amount = $372.89
To find the monthly payments, we divide the total amount by the number of months:
Monthly Payments = Total Amount / Number of Months
Monthly Payments = $372.89 / 6
Monthly Payments ≈ $62.15
Therefore, Noriko's monthly payments will be approximately $62.15.