Homework Help: Monthly payment-Math

Posted by HM on Friday, October 14, 2011 at 7:18pm.

Okay here is my question

two guys buy a new room for $10,000
down payment: $1000
and they want to pay whatever they owe in 30 monthly payments..

find the amount of the monthly payment at 10% add on interest.

I keep getting 330..
but the answer is 375.

I dont understand :/

Math - Interest calculation - Writeacher, Friday, October 14, 2011 at 8:28pm
Assistance needed.
Monthly payment-Math - HM, Friday, October 14, 2011 at 8:33pm
my answer is correct.
could help me with my other question.
Monthly payment-Math - Writeacher, Friday, October 14, 2011 at 8:36pm
I cannot -- really! You don't want me helping you with math!!

But if you put the word MATH at the beginning of the subject line, you'll get the attention of a tutor or two who can.

=)

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