Ryan took out a 66-month loan to pay for a $28,500 car. If he paid $33,829.50 in total at the end of the loan, find the interest

Question

IrinaK [193]

3 years ago

8

Ryan took out a 66-month loan to pay for a $28,500 car. If he paid $33,829.50 in total at the end of the loan, find the interest

rate.

Mathematics

1 answer:

velikii [3] · Answer 1 · 2022-01-23T14:06:08+03:00

velikii [3]3 years ago

3 0

28,500 subtracted from 33,829.50 is 5,329.50. Then you divide the difference by the number of months. (5,329.50/66) . That dividend would be 80.75. sorry I could not provide further information.