To find 20 percent of a number, multiply the number by 0.2. In this instance, 57.00 x 0.2 = 11.40. Therefore, 20 percent of 57.00 is equal to 11.40.
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The number of years does not matter in this question. At exactly $5700 at 5.3% interest, you would pay $302.10 for the month.
5700
5700
20/100 x 100 = 20 percent
The halfway point between 5700 and 5800 is (5700 + 5800) ÷ 2 = 5750