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%

7 0

3 years ago

That's not an option <br> 1.) 0<br> 2.) 1<br> 3.) 2<br> 4.) infinitely many

Rainbow [258]

What math are you in and with what context?

7 0

3 years ago