A college student borrows $1500 for 9 months to pay for a semester of school . if the interest is $92.81 find the monthly paymen
t
1 answer:
Total amount repayment = amount borrowed + interest
Total amount repayment
1,500+30.94= 1,530.94
Monthly payment
1,530.94 ÷3 months= 510.31
The answer is
510.31
Good luck and hope this helps
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