Register
Chico Alvarez obtained a loan of $2,400 to install a new roof on his home. The interest rate is 12%. What is the interest on the first monthly payment?
157k views
0 votes
Chico Alvarez obtained a loan of $2,400 to install a new roof on his home. The interest rate is 12%. What is the interest on the first monthly payment?

User Lasean
by
8.6k points

1 Answer

0 votes
if you do it this way
2400 x .12 = 288
and then do 288 divided by 12 = 24
making your answer $24
User Farjad Hasan
by
8.0k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!