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29 August, 21:55

A college studeng borrows $1500 for 9 months to pay for a semester of school. if the interest is $92.81 find the momthly payment

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  1. 29 August, 22:17
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    Step 1

    Adds the interest from the borrows

    $1500+$92.81=$1,592.81

    Step 2

    Divide the result by the number of months

    $1,592.81/9=$176.98

    therefore

    the answer is

    the monthly payment is equal to $176.98
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