Please help!! Eric is buying A dune buggy for $8800 with a down payment of $1200. The Bank approved a simple interest flat rate loan for three years at 15% APR. How much are the monthly payment loans? (round to the nearest cent)

a. $306.11

b. $346.39

c. $362.50

d. $402.78

The answer is "Option a"

Step-by-step explanation:

dune buggy cost

down payment

Calculating net principle

time

rate

Calculating the sample interest:

Calculating the total amount payases:

Calculating monthly loan payments:

y-y1=4(x-x1)

step-by-step explanation:

this is point-slope form since you only have 4 as the slope it goes in place of m

hope this : )