# 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 -> Algebra -> Customizable Word Problem Solvers -> Finance -> 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      Log On

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 Click here to see ALL problems on Money Word Problems 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(16897)   (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