Adealer offers a $35,000 car with a downpayment of $3,000 and 65 easy monthly payments of $539.99. how much monthly interest rate is he charging?

0.285%

Step-by-step explanation:

Given,

The original value of the car = $ 35,000,

Amount of down payment = $ 3000,

So, the principal amount of the loan, P.V. = 35,000 - 3,000 = $ 32,000

Now, the amount of each monthly payment P= $ 539.99,

Number of monthly payments, n = 65,

Since, the monthly payment formula is,

Where, r is the monthly interest rate,

By graphing calculator,

Thus, he is being charged 0.285 % interest per month.

hope this .

r3t40

step-by-step explanation:

if you want to solve percent error follow these steps.

1. subtract the accepted value from the experimental value.

2. take the absolute value of step 1.

3. divide that answer by the accepted value.

4. multiply that answer by 100 and add the % symbol to express the answer as a percentage.

if you want to solve percent of change just do this.

1. work out the difference (increase) between the two numbers you are comparing.

2. divide the increase by the original number and multiply the answer by 100. if your answer is a negative number then this is a percentage decrease.

hope this : )