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4 March, 20:55

You repay a bank $480 in three months for a loan. What are your monthly payments to the bank?

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  1. 4 March, 21:03
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    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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