# ALGEBRA

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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.)

• ALGEBRA -

214.67*36=7728.12
7728.12-6000=1728.12
1728.12/6000=.28802=28.8%

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