You borrow 48,000 the loan will be a 10% add-on interest

darla

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Joined
Oct 16, 2013
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You borrow 48,000 the loan will be a 10% add-on interest interest will be charged for 2 full years,you will repay on a monthly basis,what will be total amount of interest? what will be the monthly payment?what will be the true rate of interest you will pay?
 
please do not post a problem without showing your work on it,
and where you are stuck.

Do you know what "add-on interest" means?
If not, why don't you know: Missed classes, teacher lazy?

im looking/asking for help to solve
 
We cannot conduct a classroom here. Did you read "Read before posting"?

How would you handle someone asking you for help in cooking a roast,
and told you she doesn't know what a stove is? ;)

what
 
The poster was gently trying to explain that it isn't reasonably feasible to attempt to provide help when the questioner doesn't have the necessary background to understand the help. If you're wanting to help somebody cook something but that person doesn't know what a stove is, let alone how it works, you can't really help until that person learns the necessary background information (like what a stove is and how it works). In the case of your question, since you don't know what the terms mean, we can't very well help you work with those terms. ;)
 
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