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A $7,260 loan was repaid at the end of 8 months. what size repayment check was written if a 8% annual rate of interest was charged?
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A $7,260 loan was repaid at the end of 8 months. what size repayment check was written if a 8% annual rate of interest was charged?

User Arsen Ghazaryan
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I got 907.50 by dividing 7260 by 8 or another answer would be by dividing your current answer by 8 giving you 100.9604
User Fzzfzzfzz
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