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Monthly payment-Math

posted by on .

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 don't understand :/

  • Math - Interest calculation - ,

    Assistance needed.

  • Monthly payment-Math - ,

    my answer is correct.
    could help me with my other question.

  • Monthly payment-Math - ,

    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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