Ask Question
13 August, 17:05

A loan of 6,000 is to be paid in 48 equal monthly installments. Find the monthly payment. Use the formula L=PN, where L is the loan amount, P is the monthly payment, and N is the number of months.

+3
Answers (1)
  1. 13 August, 17:17
    0
    6,000=125 (48)

    Step-by-step explanation:

    6,000=loan amount

    125=monthly payment

    48=number of months
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A loan of 6,000 is to be paid in 48 equal monthly installments. Find the monthly payment. Use the formula L=PN, where L is the loan amount, ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers