Find the total amount paid on a loan when the monthly payment is $189 and the loan is paid off in 48 months. Use the formula A = MN, where A is the total amount paid, M is the monthly payment, and N is the number of payments.

9514 1404 393

  $9072

Step-by-step explanation:

Put the given numbers in the given formula and do the arithmetic.

  A = MN . . . . . . M = payment = $189. N = number of payments = 48.

  A = $189 × 48 = $9072

The total amount paid is $9072.

example 2 – simplify: step 1: completely factor both the numerators and denominators of all fractions. step 2: change the division sign to a multiplication sign and flip (or reciprocate) the fraction after the division sign; essential you need to multiply by the reciprocal. step 3 : cancel or reduce the fractions.

answer: about 22.67

step-by-step explanation: