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6 December, 09:06

You are borrowing $3,162 to purchase a scooter using a 36 month installment plan. Determine the annual percentage rate (APR) and the monthly payment given that the interest charge is $425.13. Round your answer to the nearest whole percent and to the nearest cent.

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  1. 6 December, 10:29
    0
    I think $2700.00 by subtracting
  2. 6 December, 12:42
    0
    425.13 (100) / 3162=13.4 apr

    (3162+425.13) / 36

    3587.13:36

    99.64 a month
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