Respuesta :

Answer:

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

  • number of months
  • total interest
  • amount financed
  • number of months total'

Since, the true interest rate formula,

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

Where,

y = payments per year,

c = total interest paid,

m = amount financed,

n = total number of payment,

Thus, Second option is correct.