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

Question

Anika [276]

4 years ago

12

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

Mathematics

1 answer:

scZoUnD [109] · Answer 1 · 2022-01-17T19:03:18+03:00

scZoUnD [109]4 years ago

8 0

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