John borrows 47000 from a finance company to buy his first car .The rate of simple interest is 17% and he borrow the money over a 5 year period find: (a)how much amount john should repay the finance company at the end of 5 years (b)equal monthly payments.
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A ===== 47360
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brianyvini:
i need the process
and also this answer is wrong
17×100/5x = 360 ,,,, 47000+360 = 47360
no
no
the answer is 86950 but i dont knew the process
i give a correct process
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