Register
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.
180k views
12 votes
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
5.6k points

2 Answers

6 votes

Answer:

did u ever find out what the answer was?

Explanation:

User Stefano Lombardi
by
4.8k 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
5.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.7m questions

7.4m answers

Other Questions

Evaluate a + b when a = –16.2 and b = –11.4 A. –27.6 B. –4.8 C. 4.8 D. 27.6
What is the value of x? (-4) - x = 5
Can someone help me with 5??? ASAP?
Solve for h 3h=7(2/7-3/7h)-10
1/7 + 3/14 equivalent fractions
Link Copied!