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Question

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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.

Answer 1

Assistance needed.

Answer 2

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.

Answer 3

33.45 * 12 = $401.40 annually

401.4 / 2500 = 0.16056 = 16.056%

10,000 * 0.16056 = 1605.6

$1605.60 / 12 = ?

Answer 4

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