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MMLU-Pro / 392 / A used car worth 1650waspurchasedontheinstallmentplanwitha50 down…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

A used car worth 1650waspurchasedontheinstallmentplanwitha1650 was purchased on the installment plan with a 50 down payment and a total of $1840 in monthly payments over a period of two years. What was the rate of interest computed on the entire amount paid by the purchaser?
Plain-text mathematical notation (without MathML)
A used car worth 1650waspurchasedontheinstallmentplanwitha50 down payment and a total of $1840 in monthly payments over a period of two years. What was the rate of interest computed on the entire amount paid by the purchaser?
Original LaTeX notation
A used car worth $1650 was purchased on the installment plan with a $50 down payment and a total of $1840 in monthly payments over a period of two years. What was the rate of interest computed on the entire amount paid by the purchaser?

category

business

options

  1. 7.5% per year
  2. 2.5% per year
  3. 10% per year
  4. 3% per year
  5. 12% per year
  6. 5% per year
  7. 4% per year
  8. 6% per year
  9. 8.5% per year
  10. 9% per year

src

stemez-Business

Discussion

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Source and history

upstream_id / Original problem ID
392
task_id
5dd40544-ecf9-59ad-bfbb-a8e7a22d5bde
task_key
default--test--392
task_revision_id
1
config / split
default / test

Official source

initial import