Susan buys a new cell phone priced at $145 and agrees to pay for it over 12 months with 10% simple interest. What is her monthly payment? If the amount of the last payment is slightly different, your answer should be the amount of the payment that was made during the first 11 months.

Question

Business

Myla Martinez

13 January, 20:14

Susan buys a new cell phone priced at $145 and agrees to pay for it over 12 months with 10% simple interest. What is her monthly payment? If the amount of the last payment is slightly different, your answer should be the amount of the payment that was made during the first 11 months.

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Answers (1)

Know the Answer?

Melanie Golden · Answer 1

Monthly payment 13.

Explanation:

No Mont Capital Interest

1 13 12 1

2 13 12 1

3 13 12 1

4 13 12 1

5 13 12 1

6 13 12 1

7 13 12 1

8 13 12 1

9 13 12 0

10 13 12 0

11 13 13 0

12 13 13 0

153 145 8