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Mathematics, 29.11.2021 21:10 Jana1517
Cory owes $1,000 to his bank. During the time of his loan, he is charged a rate of 12% simple annual interest. If he does not make any payments on his loan, which table shows the relationship between the amount he owes and the number of months?
A.
Balance Due Number of Months
$1,036 ,3
$1,084 7
$1,120 10
B.
Balance Due Number of Months
$1,020 2
$1,050 5
$1,090 9
C.
Balance Due Number of Months
$1,004.80 4
$1,009.60 8
$1,013.20 11
C.
Balance Due Number of Months
$1,004.80 4
$1,009.60 8
$1,013.20 11
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Answers: 2
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Cory owes $1,000 to his bank. During the time of his loan, he is charged a rate of 12% simple annual...
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