Question

Louie takes out a three-month loan of $1000. The lender charges him 10% interest per month compounded monthly. The terms of the loan state that louie must repay the loan in three equal monthly payments. To the nearest dollar, how much does louie have to pay each month?

Answer 1

Louis has to pay $366 every month since the nearest number would be 333which is and then 10% of 333 is 33.3 so therefore the answer is Do you $166