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12 February, 00:18

Sarah bought a lawnmower for $320. she sign up for the buy now pay later plan at the store with the following conditions $100 down and payments of $25 for the next 12 mouths. the extra cost paid by taking this plan is equivalent to what actual yearly rate of interest

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  1. 12 February, 00:47
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    100+25*12=400

    400-320=80

    80/320=1/4=0.25=25%

    amswer os 25% interest
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