A college student borrow ​$1,500 for 3 months to pay for a semester of school. If the interest is ​$30.94, find the monthly payment ​(Round to the nearest​ cent.)

Question
Answer:
Total amount repayment=amount borrowed+interest

Total amount repayment
1,500+30.94=1,530.94

Monthly payment
1,530.94÷3 months=510.31...answer

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solved
general 10 months ago 7331