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The formula I = 2yc divided by m(n+1), the c stands for
number of months
total interest
amount financed
number of months total

Respuesta :

Aliwohaish12
Total interest
.........................

Answer: Total interest.

Step-by-step explanation:

Since In the formula,

[tex]I = \frac{2yc}{m(n+1)}[/tex]

Where,

[tex]y[/tex] = payments per year,

[tex]c[/tex] = total interest paid,

[tex]m[/tex] = amount financed,

[tex]n[/tex] = total number of payment,

[tex]I[/tex] = true interest rate.

Thus, Second option is correct.

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