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Sara purchased a new bedroom set for $3400. She financed the purchase for 2 years at an annual interest rate of 9%. What is the monthly payment for the bedroom set?​

Sara purchased a new bedroom set for $3400. She financed the purchase for 2 years at an annual interest rate of 9%. What is the monthly payment for the bedroom set?​
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Sara purchased a new bedroom set for $3400. She financed the purchase for 2 years at an annual interest rate of 9%. What is the monthly payment for the bedroom set?​

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User Mxscho
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1 Answer

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It’s $37 a month, because if you divide 9% by 3400, you get 37
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User Fishcracker
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