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04-04-2018
Mathematics

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Ryan took out a 66-month loan to pay for a $28,500 car. If he paid $33,829.50 in total at the end of the loan, find the interest rate.

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SINAZEUS SINAZEUS

04-04-2018

the answer is 18.7, I believe

[tex] \frac{33829.5 \times 100}{28500} - 100 \\ = \frac{3382950}{28500} - 100 =118.7 - 100 \\ = 18.7 [/tex]

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