MileenaKitana MileenaKitana

28-11-2018
Mathematics

contestada

•WILL GIVE BRAINLIEST!!•
Marcus borrowed $4,000 to buy a car. If his monthly payments are $184.17 for 2 years, what is the simple interest rate of the loan? Please show work.

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pusheenchubs pusheenchubs

28-11-2018

If you are adding on to 4,000, this would be 8,420. But if you are not, this would be 4,420

Step-by-step explanation:

2 years is 24. 24x184.17 is 4,420. plus 4,000 would be 8,420.

Answer Link

saniyaf125 saniyaf125

28-11-2018

Plz mark me brainliest!

Step-by-step explanation:

2 yrs is 24 months

24 times 184.17 is 4420.08

add that with 4000 which equals 8420.08

Answer Link

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