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business

question

A bedroom set with a cash value of 720canbepurchasedontheinstallmentplanfor18monthlypaymentsof720 can be purchased on the installment plan for 18 monthly payments of 47.20 each. What is the annual interest rate?
Plain-text mathematical notation (without MathML)
A bedroom set with a cash value of 720canbepurchasedontheinstallmentplanfor18monthlypaymentsof47.20 each. What is the annual interest rate?
Original LaTeX notation
A bedroom set with a cash value of $720 can be purchased on the installment plan for 18 monthly payments of $47.20 each. What is the annual interest rate?

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stemez-Business

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