Mathematics, 20.11.2019 18:31 20alyssityh224

John bought a used truck for $4,500. he made an agreement with the dealer to put $1,500 down and make payments of $350 for the next 10 months. the extra cost paid by taking this deal is equivalent to what actual yearly rate of interest?

a. 36%
b. 63%
c. 3.6%
d. 33%

Answers: 2

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More questions: Mathematics Another questions

John bought a used truck for $4,500. he made an agreement with the dealer to put $1,500 down and make payments of $350 for the next 10 months. the extra cost paid by taking this deal is equivalent to what actual yearly rate of interest? a. 36% b. 63% c. 3.6% d. 33%

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Another question on Mathematics

John bought a used truck for $4,500. he made an agreement with the dealer to put $1,500 down and make payments of $350 for the next 10 months. the extra cost paid by taking this deal is equivalent to what actual yearly rate of interest?

a. 36%
b. 63%
c. 3.6%
d. 33%