ajayrose
12.03.2021 •
Mathematics
Ryan took out a 66 month loan to pay for a 28500 car.if he paid 33829.50,in total at the end of the loan,find the interest rate
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Ответ:
9514 1404 393
3.4%
Step-by-step explanation:
The total amount due is ...
A = P(1 +rt/12) . . . . . principal P, annual rate r, t months
33829.50 = 28500(1 +66/12r)
1.187 = 1 +5.5r . . . . . divide by 28500, simplify
0.185/5.5 = r = 0.034 = 3.4%
The interest rate on the loan is 3.4%.
Ответ:
what
Step-by-step explanation: