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sylis69:
Rahim purchases a new car for $24,000 and finances it with a 5-year simple interest loan at a rate of 3.75%. What are Rahim’s monthly car payments?
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Hero:
Monthly Payments = \(\dfrac{PRT}{12 \times T}\)
sylis69:
idk what to do
Hero:
Something seems off about this formula
sylis69:
how
sylis69:
?
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Hero:
One second
Hero:
I know what the answer should be but that should be the correct formula
sylis69:
idk
sylis69:
i thot that was
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