Arithmetic Reasoning · Question 94

Question 94 of 240

A $2,400 purchase is repaid over 24 months with $360 of interest added. What is the monthly payment?

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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

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