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You Repay a bank $480 in 3 months for a loan what are you monthly payments to the bank?

You Repay a bank $480 in 3 months for a loan what are you monthly payments to the bank?
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You Repay a bank $480 in 3 months for a loan what are you monthly payments to the bank?

User Kasaku
by
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2 Answers

6 votes
Assuming that the monthly payments are equal, divide $480 by 3 months.

The result (answer) is $160/month.
User Tomislav Novoselec
by
8.3k points
3 votes
160 dollars per month.
User AnkurVj
by
8.6k points
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