algebra

find the monthly payment for a loan. Round off to the nearest cents.

I did 300*0.10 = 30.00
330.00 divide by 12 years 27.50.
Where did I go wrong. It say my answer is wrong.
Thank you for who ever helps me

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  1. What is your original problem?

  2. 300.00 Loan for 12 months @ 10%

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  3. I agree with you. You'd pay $27.50 per month if the rate is simple interest.

    Double check to make sure problem is exactly what was given you.

  4. thank you so much

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  5. You're welcome.

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