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Neporo4naja [7]

3 years ago

14

You are borrowing $3,162 to purchase a scooter using a 36 month installment plan. Determine the annual percentage rate (APR) and

the monthly payment given that the interest charge is $425.13. Round your answer to the nearest whole percent and to the nearest cent.

2 answers:

anygoal [31]3 years ago

8 0

I think $2700.00 by subtracting

ahrayia [7]3 years ago

5 0

425.13(100)/3162=13.4 apr

(3162+425.13)/36
3587.13÷36
99.64 a month

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