My cousin borrowed $18,000 for a new car loan for 6 years. He told me that at the end of the loan, he had paid $25,560 for the interest and principal. What was the rate of the loan? A. 7% B. 8% C. 9% D. - QAmmunity.org

My cousin borrowed $18,000 for a new car loan for 6 years. He told me that at the end of the loan, he had paid $25,560 for the interest and principal. What was the rate of the loan? A. 7% B. 8% C. 9% D.

asked Oct 18, 2022 68.1k views

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