Mathematics, 08.10.2020 14:01 Zeniko
Car Payments
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
during this time?
13. 22.2757
(12, 18,000)
24,000
20,000
Money Owed 16,000
(dollars)
12.000
8,000
4,000
2
12
4 6 8 10
Time months)
CHECK
per month
O
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What was her average payment rate on the principal of the car loan during this time?
Answers: 2
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