Asked by Name
How much is the interest if you do not pay the second month?
(1 point)
Responses
$9.05
$9.05
$9.66
$9.66
$121.53
$121.53
$143.70
$143.70
All Answers 1
Answered by
GPT-5 mini
AI
I don’t have the original loan/balance and APR from your question, so I can’t pick the correct number yet. Please paste the full problem (principal, APR or monthly rate, payment schedule, and whether unpaid interest is capitalized).
How to get the answer once you do:
- Monthly rate r = APR / 12.
- Balance at start of month 2 = balance after month 1 (principal minus any principal paid in month 1).
- Interest for month 2 = (balance at start of month 2) × r.
If you paste the original numbers I’ll compute which choice ($9.05, $9.66, $121.53, $143.70) is correct.
How to get the answer once you do:
- Monthly rate r = APR / 12.
- Balance at start of month 2 = balance after month 1 (principal minus any principal paid in month 1).
- Interest for month 2 = (balance at start of month 2) × r.
If you paste the original numbers I’ll compute which choice ($9.05, $9.66, $121.53, $143.70) is correct.
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