You take out a $22,500 car loan at 9.6% APR What is the monthly or periodic interest rate?
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X + y = -96;
x * y = 360;
;
Δ =
=> sqrt(Δ) = 79.6;
=> x = ( - b + sqrt(Δ) ) / 2a => x = ( -96 + 79.6 ) / 2 ≈ - 8.2;
=> y = ( - b - sqrt(Δ) ) / 2a => x = ( -96 - 79.6 ) / 2 ≈ - 87.8;
x * y = 360;
Δ =
=> x = ( - b + sqrt(Δ) ) / 2a => x = ( -96 + 79.6 ) / 2 ≈ - 8.2;
=> y = ( - b - sqrt(Δ) ) / 2a => x = ( -96 - 79.6 ) / 2 ≈ - 87.8;