Answer:
The monthly payment is $364.42
B is correct
Step-by-step explanation:
The monthly payment on $13,300 financed at 7.9 percent for 4 years.
If the monthly payment per $100 is $2.74
Financed amount = $13,300
We are given monthly payment for $100 is $2.74
It means we pay $2.74 for $100.
Now we find how many number of $100 in $13,300
Number of $100 in $13,300 [tex]=\dfrac{13300}{100} = 133[/tex]
133 number of hundred in $13,300
For each $100 monthly payment = $2.74
For 133 payment = 133 x 2.74
Monthly Payment for $13,300 finance = $364.42
Hence, The monthly payment is $364.42
