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Kaitlin is buying a refrigerator for $1,900 with a down payment of $400. The bank approved a simple interest flat rate loan for 2 years at 10% APR. How much are the monthly loan payments? (round to the nearest cent)

A) $75.00
B) $91.67
C) $100.00
D) $108.33

User Wajih
by
7.6k points

1 Answer

5 votes

Answer:

A) $75.00

Explanation:

I took the test uwu

User Jonas Kongslund
by
8.2k points
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