Pamela borrows $2,500 at 12% per annum simple interest, for 2 years. In addition, a fee of $200 is charged for processing the loan. Calculate:
I) the sum of money, which she will have to repay the bank of 2 years.

ii) the profit percent the bank makes on the loan.

III) the monthly installments, if she is required to repay the loan in 24 equal monthly installments.

Please help

to determine the unit cost your would divide the total cost by the number sold.

7 bagels for $4.41       $4.41/7 = $.63 each at fresh side

5 bagels for $3.60         $3.60/5 = $.72 each at value mart

b. would be the answer : )

step-by-step explanation:

step 1: add -16x to both sides.

16x−4y+−16x=64+−16x  

−4y=−16x+64

step 2: divide both sides by -4.

−4y /-4 = -16x + 64/-4

answer:   y=4x−16

hope i'm right

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