Question

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

Answer 1

Does he have interest???

Answer 2

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

Step-by-step explanation:

1500/5=300

2200/5 =440

Hope this helps!!