Vincent Pancozzi borrowed $750 on a one-year simple interest loan at 17% interest. The monthly payments were $63.57. Find the amount of interest, amount applied to the principal, and the new balance for the first monthly payment.

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Step-by-step explanation:

Vincent Pancozzi borrowed $750 on a one-year simple interest loan at 17% interest. The monthly payments were $63.57. Find the amount of interest, amount applied to the principal, and the new balance for the first monthly payment.

set each factor equal to 0

4x-3 = 0

2x-1 = 0

solve for x.

4x-3=0

4x=3

x= 3/4

solve for x. 

2x-1= 0

2x= 1

x= 1/2

eventually after a few more steps, your answer should be 1/2 is less than or equal to x and 3/4 is greater than or equal to x

answer: it's d

step-by-step explanation: