Faith is taking out an 7,100, 3.5 year loan with a apr of 6.2% what is the monthly payment for this laon ? b what is the total amont faith will pay in monthly payment? nwhat is the finance charge ?

a. $188.49; b. $7916.44; c. 816.44

Step-by-step explanation:

Part a. Monthly payment

The formula for the monthly payment (P) on a loan of A dollars that is paid back in equal monthly payments over n months at an annual interest rate

of i % is

We must express the interest rate on a monthly basis.

i = 6.2 %/yr = 0.5167 %/mo = 0.005 167

A = $7100

n = 42 mo

P = $188.49

Faith’s monthly payment is $188.49.

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b. Total payment

Faith makes 42 payments of $188.49.

Total payments = 42 × 188.49

Total payments = $7916.44

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c. Total interest

Total interest = total payments – principal

Total interest = 7916.44 – 7100.00

Total interest = $816.44

he used the algebra tiles correctly.

step-by-step explanation:

given : 3x(2x-1)

solution :

since he used algebra tiles .

armando's solution is the same in the solution shown in figure

as he distributed 2x into x and x and wrote them vertically

and also write   -1 vertically

and 3x into x and x and x and wrote it horizontally

performing the multiplication in the algebra tiles we get

and solving the given expression :

3x(2x-1)

since solving the expression using tiles   and solving the expression algebraically we get the same answer

thus   we can choose the first statement as the answer to this problem which is "he used the algebra tiles correctly".