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

1 Answer

3 votes

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!!

User Krzysztof Boduch
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