Question

john bought a used truck for $4,500 he made an agreement with the dealer to put 1500 down and make payments of $350 for the next 10 months your costs paid by talking this deal is equivalent to what actually yearly rate of interest brainly
a.3.6%
b.33%
c.63%
d.36%

Answer 1

So, his down payment was 1500.

He has 3000 to pay off.

Yearly Payment = 350*12 or 4200

Yearly Interest = 3000/Yearly Payment or 71%

I am 100% sure that is right, you sure you didn't make a mistake copying.