A $2,400 purchase is repaid over 24 months with $360 of interest added. What is the monthly payment?
Pick an answer
Correct!
Not quite. The correct answer is highlighted.
Correct answer to question 94 (Arithmetic Reasoning): $115
Method
The total owed is 2,400 + 360 = $2,760, and dividing by 24 months gives $115. Dividing only the purchase price gives $100 and leaves the interest unpaid.
Updated: November 2026