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MMLU-Pro / 172 / A 39.90radiocanbepurchasedontheinstallmentplanfor5.00 down and …

Problem

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category

business

question

A 39.90radiocanbepurchasedontheinstallmentplanfor39.90 radio can be purchased on the installment plan for 5.00 down and $3.10 a month for a year. What is the annual interest rate for this installment purchase?
Plain-text mathematical notation (without MathML)
A 39.90radiocanbepurchasedontheinstallmentplanfor5.00 down and $3.10 a month for a year. What is the annual interest rate for this installment purchase?
Original LaTeX notation
A $39.90 radio can be purchased on the installment plan for $5.00 down and $3.10 a month for a year. What is the annual interest rate for this installment purchase?

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stemez-Business

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