Question

Sarah bought a lawnmower for $320. She signed 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 months. The extra cost paid by taking this plan is equivalent to what actual yearly rate of interest?

Answer 1

25%

Explanation:

Just here to help cause im doing this too lol

Answer 2

25x12=300
300+100=400
400-320=80
$80