document.write( "Question 651233: A car dealer will sell you a used car for $6,549 with $549 down and payments of $205.67 per month for 36 months. What is the simple interest rate? Please help me to solve this problem. \n" ); document.write( "
Algebra.Com's Answer #407583 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! 205.67*36=7404.12 \n" ); document.write( "7404.12-6000=1404.72 \n" ); document.write( "i=Prt \n" ); document.write( "1404.72=6000*r*3 \n" ); document.write( "1404.72=18000r \n" ); document.write( "1404.72/18000=0.078=7.8% \n" ); document.write( " |