David borrow $700 from a loan shark, and agreed to pay back $1500 after 5 months. What is his monthly payment?

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asked Oct 16, 2021 166k views

1 Answer

Krzysztof Boduch · Answer 1 · 2021-10-22T01:02:19+0000

Answer:

if he is just paying back the 1500 in 5 months he will pay 300 a month, if he is paying the 1500 and the 700 which makes 2200 in 5 months he will pay 440 a month

Explanation:

1500/5=300

2200/5 =440

Hope this helps!!

David borrow $700 from a loan shark, and agreed to pay back $1500 after 5 months. What is his monthly payment?

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