You want to buy a $30,000 car. The company is offering a 3% interest rate for 36 months (3 years). What will your monthly payments be?

asked Feb 6, 2021 124k views

4 votes

You want to buy a $30,000 car. The company is offering a 3% interest rate for 36 months (3 years). What

will your monthly payments be?

5.8k points

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5 votes

Answer: 858.33

Explanation:

30000 times 1.03 (aka 3%) equals 30900

30900 divided by 36 equals 858.33

Utsav answered Feb 6, 2021

by Utsav

6.4k points

4 votes

The monthly payments will be $75. I did this by doing 30000*.03*3=2700, and then doing 2700/36 to get 75

Jrjohnson answered Feb 12, 2021

5.2k points

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