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Mathematics 14 Online
OpenStudy (anonymous):

Your aunt bought a new car. After three months of car payments she owed a total of $22,275 to the bank for the car loan. After 12 months, she owed $18,900 to the bank for the car loan. What was her average payment rate on the principal of the car loan?

OpenStudy (anonymous):

$22,275 - $18,900 = $3,375/12 = $281.25

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