Answer:
0.285%
Step-by-step explanation:
Given,
The original value of the car = $ 35,000,
Amount of down payment = $ 3000,
So, the principal amount of the loan, P.V. = 35,000 - 3,000 = $ 32,000
Now, the amount of each monthly payment P= $ 539.99,
Number of monthly payments, n = 65,
Since, the monthly payment formula is,

Where, r is the monthly interest rate,

By graphing calculator,

Thus, he is being charged 0.285 % interest per month.