Question

Find I. Choose the correct answer. Amount Financed (m) = $1,400 Number of Payments per year (y) = 12 Number of Payments (n) = 24 Total Interest (c) = $200.50 I =
its not 7.7

Answer 1

(2×12×200.50)÷(1,400×25)*100=13.7%

Answer 2

Hi there!

The answer to your problem is I = 13.7%

Your friend, ASIAX