Register
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%
108k views
1 vote
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
4.4k points

2 Answers

5 votes

Answer:

C) 2.2%

Explanation:

User Mestkon
by
5.3k points
3 votes
C hope this helped you
User Kametrixom
by
4.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.1m questions

6.7m answers

Other Questions

Pizza planet is running a special 3 pizzas for 16.50. What is the unit rate for one pizza
What number is halfway between 0 and 18
If the 9-inch wheel of cheese costs $18.60, what is the cost per square inch? If the cost is less than a dollar, put a zero to the left of the decimal point?
I need to simplify this expression.
Need answer to math problem!!!​
Link Copied!