A college student borrows $ 2,000 for 3 months to pay for a semester of school. If the interest is $41.25 find the monthly payment.

asked Feb 18, 2021 224k views

5 votes

by Oma

8.5k points

Please log in or register to add a comment.

4 votes

Answer:

$\$680.42$

Explanation:

Given:

Amount borrows
$=\$2000$

Interest
$=\$41.25$

Time
months

Obligation
=2000+41.25=2041.25

Monthly payment
$=\frac{2041.25}3=\$680.42$

Answer:
$\$680.42$

Nyg answered Feb 24, 2021

by Nyg

7.2k points

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

9.5m questions

12.2m answers