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A family has a $10,000 loan for home improvements with simple interest of 24%. What is the monthly payment if the family plans to pay back the loan over 40 months? $200.00 $228.57 $450.00 $466.67 $3,467.
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A family has a $10,000 loan for home improvements with simple interest of 24%. What is the monthly payment if the family plans to pay back the loan over 40 months?

$200.00
$228.57
$450.00
$466.67
$3,467.55

User Piotr Zolnierek
by
7.4k points

2 Answers

6 votes

Answer:

did u ever find out what the answer was?

Explanation:

User Stefano Lombardi
by
6.7k points
3 votes

Answer:

I'm not completely sure, but I believe it is $228.57

Explanation:

sorry if it's wrong, have a nice day

User Narek Ghazaryan
by
7.1k points
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