chico is financing a car for 9550 and an apr of 89 for 3 yea

chico is financing a car for $9550 and an apr of 8.9% for 3 years. What is his monthly payment if the monthly payment per $100 is $3.52?

Solution

chico is financing a car for $9550.

monthly payment per $100 is $3.52

monthly payment for $9550 =(9550 * 3.52)/100

=33616/100=336.16

His monthly payment would be $336.16