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3 years ago

8

Sarah bought a lawnmower for $320. She signed up for the buy now pay later plan at the store with the following conditions: $100

down and payments of $25 for the next 12 months. The extra cost paid by taking this plan is equivalent to what actual yearly rate of interest?

1 answer:

lukranit [14]3 years ago

3 0

25x12=300
300+100=400
400-320=80
$80

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