Mortalfinger99
contestada

Chico is financing a car for $9,550 and an APR 8.9 percent for 3 years. What is his monthly payment if the monthly payment per $100 is $3.52?

A. $336.16

B. $352

C. $251.48

D. $235.24
(I divided 9550 by 100 and then multiplied that by 3.52 and got A but I don't know if that's the right way to do it)

Respuesta :

235.24 is the answer is d

Answer:

A. $336.16

Step-by-step explanation:

The payment per $100 can be set up as a ratio:  

[tex]\frac{3.52}{100}[/tex]

Let the unknown payment be x. Now setting up the ratio over the full value:  

[tex]\frac{x}{9550}[/tex]

Set them equal and solve for x:  

[tex]\frac{3.52}{100}=\frac{x}{9550}[/tex]

1[tex]100x=33616[/tex]

This gives x = $336.16

Therefore, the answer is option A.

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