Sethoneal04 Sethoneal04

01-10-2020
Mathematics

contestada

Jerry’s loan had a principal of $22,000. He made quarterly payments of $640 for nine years until the loan was paid in full. How much did Jerry pay in interest?

Respuesta :

alexisbalderas10 alexisbalderas10

01-10-2020

Answer: $1040

A = P + I

A = Total

P = Principal

I = Interest

First find the total amount

A = 640(4)(9)

A = 23040

Plug In the Numbers

23040 = 22000 + I

Substract 22000 on both sides

I = $1040

Answer Link

hansoncutrera365 hansoncutrera365

01-12-2020

Answer:

B. 1040

Step-by-step explanation:

Answer Link

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