The answer is c. 16.70% This is based on the posts I've read online regarding this problem. No solution was given.
These are the amounts you have to consider:
List price of new car - 21,450
Sales tax rate: 6.88% - 21,450 x 6.88% = 1,475.76
vehicle registration fee - 1,089
documentation fee - 124
loan term - 3 years, paid monthly. so, 36 months
interest rate - 12.28% compounded monthly.
2004 Dodge Neon value - 6,591
trade in value - 6,591 x 80% = 5,272.80
No mention of down payment so the possible amount to be financed is: 24,138.76
The value of the traded car is only considered after the financing has been paid off.
Answer:
135
Step-by-step explanation:
I believe this is the answer
I think it would be 2,680%
If I’m wrong I owe u a donut
(3782 - 192) : 2 = 1795 (first number)
1795 + 192 = 1987 ( second number)
--------------------------
1987 - 1795 = 192
1987 + 1795 = 3782
