06-12-2018
Mathematics

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

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06-12-2018

Answer:

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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