laurynolsen laurynolsen

12-10-2016
Mathematics

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Chico Alvarez obtained a loan of $2,400 to install a new roof on his home. The interest rate is 12%. What is the interest on the first monthly payment?

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royaltybee50 royaltybee50

17-02-2018

if you do it this way
2400 x .12 = 288
and then do 288 divided by 12 = 24
making your answer $24

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