Question

Toms total payment for his loan was $10,368. What was his monthly payment if he paid it off after making 36 monthly payments?

$204
$216
$228
$288

Answer 1

Answer: D) 288

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Explanation:

Divide the given dollar amount over the 36 months mentioned.

(10368)/(36) = 288 dollars is the monthly payment

36 months = 3 years