To purchase $13,400 worth of lab equipment for his business, Rafael made a down payment of $1900 and took out a business loan for the rest. After 2 years of paying monthly payments of $509.70, he finally paid off the loan.
x
5
?
(a) What was the total amount Rafael ended up paying for the equipment
(including the down payment and monthly payments)?
si
(b) How much interest did Rafael pay on the loan?
si

9514 1404 393

Step-by-step explanation:

(a) The total that Rafael paid was ...

  $1900 +24(509.70) = $14,132.80 . . . total paid

__

(b) The interest is the difference between what Rafael paid and the cost of the equipment.

  interest = $14,132.80 -13,400 = $732.80 . . . interest paid

answer: 2 answers

step-by-step explanation: the first one means to spread the product throughout the marketplace such that a large number of people can buy it.  

the second means the process of making a product or service available for the consumer or business user that needs it.

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