what is the interest rate if i borrow $16,500 and I pay $665 a month for 3 years
665 * 36 = 23,940
23,940 - 16,500 = 7,440
I = PRT
7,440 = 16,500 * R * 3
7,440 = 49,500 * R
0.15 = 15% = R
23,940 - 16,500 = 7,440
I = PRT
7,440 = 16,500 * R * 3
7,440 = 49,500 * R
0.15 = 15% = R