Camryn Mason obtained a $1,200 loan for her scuba diving lessons. She borrowed the money for 6 months at 7% interest. Her monthly payment is $204.10. What is the balance of her loan after three payments?

$544.83

Step-by-step explanation:

First, you calculate 7% of the monthly payment of $204.10, which would come out to $14.287

Then, you add $14.287 to $204.10, totaling to $218.387

After that, you simplify the result, coming out to $218.39

Here, you multiply the monthly payment, with tax included, by 3, coming out to $655.17

Then finally, you subtract $655.17 from $1,200 to get your final answer,

$544.83

the answer is 200

step-by-step explanation:

the way the question is worded, it seems to imply the $264 interest is simple interest, not compound interest.

the simple interest for 2 years is $264; the simple interest for 1 year is $132.

$132 interest on a $600 investment means an interest rate of (132/600)*100 = 22%.

the value of $200 at 22% interest compounded annually for three years is

200%281.22%29%5e3

the amount of interest is that value, minus the original $200.

x=17

step-by-step explanation:

solve 3x-24=x+10

then that makes it 2x=34 because you subtract an x from both sides to get rid of the one on the right, and then you add 24 to both sides to get rid of the 24 on the left

divide by both sides by 2 to get your answer so that you can get your answer