Amount financed
320−100=220
Total paid
100+25×12=400
Interest paid
400−320=80
Interest rate=(2yc)÷(m (n+1))
I=(2×12×80)÷(220 (12+1))
I=(2×12×80)÷(220×13)
I=0.67×100
I=67%
No? I'm pretty sure it wouldn't be because 25 to 16 and then 5 to 4 if you multiplied by 5 it would be 25 to 20 so no.
Answer:
125 percent
Step-by-step explanation:
The proportion is
40 percent
------ = ----------
32 100
Using cross products
40*100 =32 * percent
Divide by 32
4000/32 = percent
125 = percent
