Question

Tom's total payment for his loan was $10,368.

What was his monthly payment if he paid it off after making 48 monthly payments?
$204
o
$216
$228
$234

Answer 1

It is $216

Explanation:

Answer 2

$216

Explanation:

This question does not involve interest, so all we need to do is to divide the total of payments ($10,368) by the number of payments (48):

$10,368

--------------- = $216/month

48