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A dealer is offering a car loan which will cost you $400 interest over 6 years on a $3000 loan. What is the annual interest rate for this loan? A) 1.8% B) 2% C) 2.2% D) 2.4%
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A dealer is offering a car loan which will cost you $400 interest over 6 years on a $3000 loan. What is the annual interest rate for this loan?

A) 1.8%
B) 2%
C) 2.2%
D) 2.4%

User Dasmikko
by
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2 Answers

5 votes

Answer:

C) 2.2%

Explanation:

User Mestkon
by
4.8k points
3 votes
C hope this helped you
User Kametrixom
by
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