You repay a bank $480 in three months for a loan. What are your monthly payments to the bank?
1 answer:
Answer:
160 dollars per month
Step-by-step explanation:
Well you know the total amount paid is 480 dollars and payments are made once a month for three months.
Divide 480 by three to find the amount paid per month
480/3=160
160 dollars per month
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