Darren is purchasing a car that costs $11,000. He is taking out a simple interest loan at an annual rate of 3%. If he makes monthly payments over a period of 5 years, how much is his monthly payment? $183.33 $191.67 $198.05 $210.83

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02-10-2022
Mathematics

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Darren is purchasing a car that costs $11,000. He is taking out a simple interest loan at an annual rate of 3%. If he makes monthly payments over a period of 5 years, how much is his monthly payment? $183.33 $191.67 $198.05 $210.83

Sagot :

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