Question

Joyce wants to buy a computer that has a price of $2500, and she decides to pay for it

with installments over 5 years. If the interest rate is 15 %, what is the monthly payment?

Answer 1

1875$ in interest

Explanation:

15%x5=75%

75%of 2,500 is 1875$.

so altogether, it's 4,375$ for the entire computer.