For the car loan described, give the following information. A newspaper advertisement offers a $9,000 car for nothing down and 36 easy monthly payments of $332.50. (a) amount to be paid 24 (b) amount of interest 24 (c) interest rate % (d) APR (rounded to the nearest tenth of a percent) 0%
For the car loan described, give the following information. A newspaper advertisement offers a $9,000 car for nothing down and 36 easy monthly payments of $332.50. (a) amount to be paid 24 (b) amount of interest 24 (c) interest rate % (d) APR (rounded to the nearest tenth of a percent) 0%
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Transcribed Image Text:For the car loan described, give the following information.
A newspaper advertisement offers a $9,000 car for nothing down and 36 easy monthly payments of $332.50.
(a) amount to be paid
$
(b) amount of interest
$4
(c) interest rate
(d) APR (rounded to the nearest tenth of a percent)
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