Question

Tom's total payment for his loan was $10,368.
What was his monthly payment if he paid it off after making 48 monthly payments?
$204
o
$216
$228
$234

Answer 1

Answer:

$216

Step-by-step explanation:

This question does not involve interest, so all we need to do is to divide the  total of payments ($10,368) by the number of payments (48):

$10,368

--------------- = $216/month

      48

Answer 2

Answer:

It is $216

Step-by-step explanation: