Ask Question
Today, 00:14

Sarah bought a lawnmower for $320. she sign up for the buy now pay later plan at the store with the following conditions $100 down and payments of $25 for the next 12 mouths. the extra cost paid by taking this plan is equivalent to what actual yearly rate of interest

+1
Answers (1)
  1. Today, 03:00
    0
    100+25*12=400

    400-320=80

    80/320=1/4=0.25=25%

    amswer os 25% interest
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Sarah bought a lawnmower for $320. she sign up for the buy now pay later plan at the store with the following conditions $100 down and ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers