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Tomtit [17]
3 years ago
5

1.

Mathematics
1 answer:
ratelena [41]3 years ago
7 0
Amount Financed: $2,650
Finance Charge: $484.69
Number of Payments: 36

(Finance Charge)/(Amount Financed)*100$=($484.69)/($2,650)*100$
(Finance Charge)/(Amount Financed)*100$=(0.1829)*100$
(Finance Charge)/(Amount Financed)*100$=$18.29

In the row of number of Payments 36, we look for:
(Finance Charge)/(Amount Financed)*100$=$18.29, and we see to which annual porcentage rate it corresponds in the first row

Answer: 11.25% 

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