Use the​ add-on method for determining interest on a loan of ​$​,2540 with an annual rate of 6​% and a term of 4 years.​ Then, determine the annual interest rate during the last month of the loan.

Part A

The interest on the loan is $609.6

Part B

The interest amount on the last month is $12.7

Step-by-step explanation:

Part A

With the add-on interest method, the interest on the loan is added before the monthly payment is determined

The monthly payment, A = (P × I)/n

Where;

A = The amount payed monthly

P = The principal amount borrowed = $2,540

I = The interest on the loan = P × R × T

R = The interest on the loan = 6%

T = The duration of the loan = 4 years

n = The number of monthly payment = 4 × 12 = 48

Plugging in the variables to the simple interest formula, we get;

I = $2,540 × 6/100 × 4 = $609.6

The interest on the loan, I = $609.6

Part B

The monthly payment is therefore;

∴ A = ($2,540 + $609.6)/48 = $65.61

The amount payed as interest on the last month, , is given as follows;

$65.61 - $2,540/48 = $12.7

The amount payed as interest on the last month = $12.7

the axial of symmetry

step-by-step explanation:

the central idea is that:

individuals should refuse to cooperate with institutions they believe unjust.

thoreau felt  that governments were more often agents of corruption than justice, even democracies, and that just because the majority feels a certain way does not make it just or correct in absolute terms. he uses the fact that slavery exists in our democracy to support this idea.

he goes on to say that, as a result, people should live true to their own internal laws regarding right and wrong, as a product of reflection and a moral life, rather than following every law that society imposes. 

step-by-step explanation: