Question

CAN SOMEONE PLEASE HELP ME???

Purchase price of article = $3,000
Down payment = $0
Number of payments = 36
Monthly payment amount=$93.33

True Annual Interest (to the nearest tenth) =

Answer 1

Wouldn't you have to multiply the number of payments and monthly payment amount?

Answer 2

that doesn't sound right though. With that it's 3,359.88

Answer 3

How would I find the answer?

Answer 4

I'm so confused here.

Answer 5

Exactly, 3,000 is the purchase price of all of it. Round 93.33 to the nearest tenth and you get 93. Multiply 93 and 36 and get 3348.

Answer 6

so i'd be 93*36=33.48?

Answer 7

I don't think there would be a decimal. What are your choices?

Answer 8

Ain't got any. But my answer is supposed to be in % as it has that at the end of my box.

Answer 9

Oh, okay. Im not for sure but it might be 33%. This is not 100% though. I've never done these problems before.

Answer 10

lemme take a pic and send it to you.

Answer 11

okay.

Answer 12

Here it is.

Answer 13

Make sense?

Answer 14

Yes, but let me check something.

Answer 15

I'm sorry, i really don't know how to do this. I don't understand it myself.

Answer 16

It's fine. What about this one.

Answer 17

Im not sure on these problems, im sorry.

Answer 18

k