A dealer is offering a car loan which will cost you $400 interest over 6 years on a $3000 loan. What is the annual interest rate for this loan? A) 1.8% B) 2% C) 2.2% D) 2.4%

A dealer is offering a car loan which will cost you $400 interest over 6 years on a $3000 loan. What is the annual interest rate for this loan? A) 1.8% B) 2% C) 2.2% D) 2.4%

asked Oct 16, 2021 108k views

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