SOLUTION: A car dealer will sell you a used car for $7,416 with $416 down and payments of $177.92 per month for 48 months. What is the simple interest rate? (Round each answer to the nearest
Algebra.Com
Question 474299: A car dealer will sell you a used car for $7,416 with $416 down and payments of $177.92 per month for 48 months. What is the simple interest rate? (Round each answer to the nearest tenth.)
I TRIED TO DO THIS ONE ON MY OWN AND IT WAS JUST TOO HARD .CAN YOU SHOW ME HOW TO DO THIS ONE? THANKS!
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
Shouting at us does you no good. What did you do to try to solve this on your own?
John
My calculator said it, I believe it, that settles it
RELATED QUESTIONS
If a car dealer will sell you a used car for 6,198 with 798 down and payments of 162.51... (answered by ikleyn)
A car dealer will sell a used car for $5,277 with $277 down and payments of $116.25 per... (answered by ewatrrr)
A car dealer will sell you a used car for $8,674 with $674 down and payments of $402.00... (answered by ewatrrr)
A car dealer will sell you a used car for $6,549 with $549 down and payments of $205.67... (answered by rfer)
A car dealer will sell you the $16,450 car of your dreams for $3,270 down and payments of (answered by stanbon)
I don't know if I subtract out the down payment or what to do with it. I've used so many... (answered by math_tutor2020)
A car dealer will sell you a used car for $7,771 with $771 down and payments of $237.03... (answered by solver91311)
Forrest is purchasing a car priced at $7,299. His down payment is $299 and his monthly... (answered by JulietG)
A car dealer offers you a choice of 0% financing for 60 months or $2500 cash back on a... (answered by Theo)
