$ (c) The amount B that you still owe the bank after making k monthly payments can be calculated using the variables r, P, and t. The relationship is given by the formula below in dollars.
Thank you for the opportunity to help you with your question!
b(i) What is the total amount you paid to the bank?9867.84 b(ii) How much of that was interest?867.84 c(i) How much do you still owe the bank after 1 year of payments? $4,701.61 for question c(i).
Content will be erased after question is completed.
Enter the email address associated with your account, and we will email you a link to reset your password.
Forgot your password?