A store offers a loan for $900 to buy a computer. The terms of the loan are for 9% simple interest and equal monthly payments for three years. What is the monthly payment?

I=PRT

I=900*0.09*3

I=243

243+900

1143/36

Answer=$31.75 monthly

I = PRT

I = 900 * 0.09 * 3
I = 243

(243 + 900) / 36 = $______ per month

$31.75

beach corvett corvett is the answe

$31.75 I belive

yes

To calculate the monthly payment for a loan, we can use the formula for calculating the monthly payment for a loan with simple interest:

Monthly Payment = (Principal + (Principal * Interest * Time)) / (Time * 12)

In this case, the principal amount is $900, the interest rate is 9% (0.09 in decimal form), and the time is 3 years.

Let's plug these values into the formula:

Monthly Payment = (900 + (900 * 0.09 * 3)) / (3 * 12)

First, we calculate the interest amount by multiplying the principal amount ($900) by the interest rate (0.09) and the time (3):

Interest = 900 * 0.09 * 3 = $243

Then we add the interest amount to the principal amount:

Total Amount = 900 + 243 = $1,143

Next, we calculate the monthly payment by dividing the total amount ($1,143) by the number of months (3 * 12):

Monthly Payment = 1,143 / 36 ≈ $31.75

Therefore, the monthly payment for the $900 loan with 9% simple interest, paid off over three years, would be approximately $31.75.

Its idk

itz 10!

450