The formula 1 = 2yc divided by m(n+1), the c stands for

Total interest paid.

Step-by-step explanation:

Consider the complete question is,

'The formula I = 2yc divided by m(n+1), the c stands for

Since, the true interest rate formula,

Where,

y = payments per year,

c = total interest paid,

m = amount financed,

n = total number of payment,

Thus, Second option is correct.

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step-by-step explanati∵∵∴∴on:

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step-by-step explanation:

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