Question 124250
In a word, outrageous.


The principal amount times the interest rate is equal to the amount of interest charged.  So divide the interest amount by the principal amount to get the rate.


{{{782/4600=.17}}} or 17% per month.  That's over 200% per year, or ten times what it ought to be.  Of course, if you typed one too few zeros on the balance amount, it would come out to a much more reasonable 1.7% per month.