Post a New Question

Math

posted by on .

Price of article = $315.50

Down payment = $31.55

Monthly payment amount = $16.50

Duration of payments = 20 months

True annual interest rate to the nearest tenth= %

  • Math - ,

    P = 315.50
    dp = 31.55
    mpa = 16.50

    n = 20


    315.50 -31.55 = 283.95

    Mpa * n

    16.50 * 20 = 330

    Interest = 330-283.95

    Interest = 46.05

    rate = 46.05/283.95

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question