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 ->  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

Ad: Over 600 Algebra Word Problems at edhelper.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) About Me  (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
The Out Campaign: Scarlet Letter of Atheism