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A car dealer will sell you a used car for $5,478 with $478 down and payments of $112.08 per month for 60 months. What is the si...Asked by Danny
A car dealer will sell you a used car for $6,162 with $162 down and payments of $214.67 per month for 36 months. What is the simple interest rate? (Round each answer to the nearest tenth.)
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Answered by
jenny
214.67*36=7728.12
7728.12-6000=1728.12
1728.12/6000=.28802=28.8%
7728.12-6000=1728.12
1728.12/6000=.28802=28.8%
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