Asked by Lisa

I need help for this math question:
Can you provide the steps on how you got the answer to this question?


A bank requires a monthly payment of $33.45 on a $2500 loan. At the same rate, find the monthly payment on a $10,000 loan.
Answered by Ms. Sue
Assistance needed.
Answered by Lisa
need help for this math question:
Can you provide the steps on how you got the answer to this question?


A bank requires a monthly payment of $33.45 on a $2500 loan. At the same rate, find the monthly payment on a $10,000 loan.
Answered by Ms. Sue
33.45 * 12 = $401.40 annually

401.4 / 2500 = 0.16056 = 16.056%

10,000 * 0.16056 = 1605.6

$1605.60 / 12 = ?

Answered by Dave
742
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