Acollege student borrows $1000 for 3 months to pay for a semester of school. if the interest is $20.63, find the monthly payment.

Answer : The monthly payment is, $ 340.21

Step-by-step explanation :

As we are given,

Interest = $ 20.63

A student borrows money for 3 months = $ 20.63

Let the monthly payment be $ x

So, in 3 months, the student paid $ 3x

And, as we know that the interest is the difference of paid money and the money borrowed. That means,

3x - 1000 = 20.63

Now by solving the terms, we get the value of 'x'.

3x = 20.63 + 1000

3x = 1020.63

Therefore, the monthly payment is, $ 340.21

answer: the is put the 450

step-by-step explanation:

x coordinate can be written by using the formula, x= x1 + 2/5(x2 - x1)

step-by-step explanation:

formula

x = x1 + p/w(x2 - x1)

let the line segment ab with a(x1,y1) and b(x2,y2)

a point(x,y) divide ab in the ratio, 2: 3 the x coordinate can be written as

x = x1 + p/w(x2 - x1)

here p=2 and w = 2+3

therefore,

x coordinate can be written by using the formula, x= x1 + 2/5(x2 - x1)

similarly y coordinate y = y1 + 2/5(y2 - y1)