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Luke’s payment on his new phone will be $70 per month for 12 months. Assuming the phone costs $830 at sale, how much interest will he have paid when he pays the loan on fuel
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Luke’s payment on his new phone will be $70 per month for 12 months. Assuming the phone costs $830 at sale, how much interest will he have paid when he pays the loan on fuel

User Sanchez
by
5.8k points

1 Answer

8 votes
1.2048192771084%
Because 830 times .012048192771084 equals 840 which is 70 times 12
User Patrick Lynch
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5.3k points
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