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Toms total payment for his loan was $14, 256. He paid it off after making 48 monthly payments. What was his monthly payment? 286 297 310 324
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5 votes
Toms total payment for his loan was $14, 256. He paid it off after making 48 monthly payments. What was his monthly payment?

286

297

310

324

User Excel Hero
by
6.9k points

2 Answers

3 votes

Answer:

Tom's monthly payment was $297.

Explanation:


User Christopher McGowan
by
7.3k points
3 votes
To solve this problem, we just need to divide his total payment by the number of monthly payments he made:

14256 ÷ 48 = 297

Tom's monthly payment was $297.
User Skif
by
6.8k points
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