document.write( "Question 619325: A car dealer will sell you a used car for $8,674 with $674 down and payments of $402.00 per month for 24 months. What is the simple interest rate? (Round each answer to the nearest tenth.)
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Algebra.Com's Answer #389597 by ewatrrr(24785) $\"\"$ $\"About$

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document.write( "Hi,
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document.write( "In General 
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document.write( "A = Accumulated Amount  24*402
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document.write( "P= principal = 8000
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document.write( "r= annual rate = .
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document.write( "n= periods per year = 1
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document.write( "t= years =  2
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document.write( "  log(1.206)/2 = log(1+r)
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document.write( "     10^.0407  - 1 = r = .098, Interest Rate is 9.8% \n" );
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