Answered

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

number of months

total interest

amount financed

number of months total

Verified Answer :

Aliwohaish12

Total interest
.........................

Answer: Total interest.

Step-by-step explanation:

Since In the formula,

\(I = \frac{2yc}{m(n+1)}\)

Where,

\(y\) = payments per year,

\(c\) = total interest paid,

\(m\) = amount financed,

\(n\) = total number of payment,

\(I\) = true interest rate.

Thus, Second option is correct.

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