How many monthly payments must be made to repay an interest - fee loan of 1,540 if monthly payments are $55 each?

The number of monthly payments that must be made in order to repay an interest-fee loan of 1540 is:

                                  28

The total payment that is to be done in order to repay an interest - fee loan is: $ 1540

Also, the monthly payment that is made are: $ 55

Hence, the number of months it will take to repay the loan is obtained by dividing the total payment to be made by the amount paid per month.

i.e.

Number of months=1540/55

i.e.

Number of months=28

step-by-step explanation:

wrgasadvauoyfaiua-00uhf

answer:

payment just for service  

→

$

87.12

payment for service including tax

→

$

94.09

explanation:

service only with 20% tip  

→

$

72.6

(

1

+

20

100

)

=

$

87.12

in the opening of the question the word 'service' is associated only with the pretax value.

the closing part of the question asks: how much did she pay for the  

service

−−−−−−  

so technically the answer is  

→

$

72.6

(

1

+

20

100

)

=

$

87.12

however, the intention of the question provider may have been that your answer is to be  

$

87.12

(

1

+

8

100

)

=

$

94.09

to 2 decimal places.

'

payment just for service  

→

$

87.12

payment for service including tax

→

$

94.09

tony b

mar 21, 2017

answer:

trying to explain it another way

explanation:

service charge  

.

→

$

72.60

20% tip  

20

100

×

$

72.60

=

$

14.52

−−−−−−  

←

add

$

87.12

tax  

8

100

×

$

87.12

=

$

6.97

−−−−−  

←

add

$

94.09

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