joshheyyung6778 joshheyyung6778
  • 24-09-2020
  • Mathematics
contestada

A college student borrows ​$ 2,000 for 3 months to pay for a semester of school. If the interest is ​$​41.25 find the monthly payment.

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Omm2 Omm2
  • 25-09-2020

Answer:

[tex]\$680.42[/tex]

Step-by-step explanation:

Given:

Amount borrows [tex]=\$2000[/tex]

Interest [tex]=\$41.25[/tex]

Time [tex]=3[/tex] months

Obligation [tex]=2000+41.25=2041.25[/tex]

Monthly payment [tex]=\frac{2041.25}3=\$680.42[/tex]

Answer: [tex]\$680.42[/tex]

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