Loan — monthly instalment
Work out the monthly instalment.
A loan of 300 $ is repaid in 6 equal monthly instalments with no interest. How much is each instalment?
$
All difficulties
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Accuracy
0
Current streak
0
Total answers
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Correct
What does the generator do?
It builds a loan that divides exactly into 4, 5, 6, 8, 10 or 12 equal monthly instalments.
How to solve
Divide the total loan by the number of months to get one equal instalment.