2 years ago

I need helpPPPPPPPPPPPPPPPPP

Mathematics

1 answer:

ss7ja [257]2 years ago

5 0

The answer is option A. I believe

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John bought a used truck for $4,500. He made an agreement with the dealer to put $1,500 down and make payments of $350 for the n

musickatia [10]

Answer:

(D) 36%

Step-by-step explanation:

Actual cost of truck = $4500

Down payment = $1500

Money left to be paid = 4500-1500 = $3000

A = Monthly payments = 350

n = 10

Principal value (P) = 3000

Using formula,

A= $\frac{Pr(1+r)^{n}}{(1+r)^{n}-1}$

350 = $\frac{3000r(1+r)^{10}}{(1+r)^{10}-1}$

= 36% (approx)

Hence (D) is correct.

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Papessa [141]

Answer:

Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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