Find the amount of interest and the monthly payment for the loan. Purchase a living room set for $3,800 at 12% add-on interest for 3 years.
MATH - Ms. Sue, Saturday, July 28, 2012 at 10:46pm
LaCresha/David -- please use the same name for your posts.
I = PRT
Add the interest to the principle to find the total.
Then, divide that by 36 to find the monthly payments.