Henry Devine bought a new dishwasher for $320. He paid $20 down and made 10 monthly payments of $34. What actual yearly interest rate did Henry pay?

A) 29.09.

B) 68.75.

C) 34.38.

D) 14.55.

Question

Terrence French

Mathematics

17 July, 04:49

Henry Devine bought a new dishwasher for $320. He paid $20 down and made 10 monthly payments of $34. What actual yearly interest rate did Henry pay?

A) 29.09.

B) 68.75.

C) 34.38.

D) 14.55.

+4

Answers (1)

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Galloway · Answer 1

The problem ask to find the actual yearly interest rate of Henry pays if he bought a new dishwasher for $320 and paid $20 down and made $34 for 10 months so the interest rate would be letter C. 34.38. I hope you are satisfied with my answer and feel free to ask for more

Henry Devine bought a new dishwasher for $320. He paid $20 down and made 10 monthly payments of $34. What actual yearly interest rate did Henry pay?A) 29.09.B) 68.75.C) 34.38.D) 14.55.

Henry Devine bought a new dishwasher for $320. He paid $20 down and made 10 monthly payments of $34. What actual yearly interest rate did Henry pay?

A) 29.09.

B) 68.75.

C) 34.38.

D) 14.55.