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MMLU-Pro / 774 / George Mason bought a new grand piano for …

Problem

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

question

George Mason bought a new grand piano for 8,650.Hemadeadownpaymentof8,650. He made a down payment of 1,000 and paid the balance in 20 equal monthly installments of $425. What rate of interest was he paying (to nearest 10th of 1%)?
Plain-text mathematical notation (without MathML)
George Mason bought a new grand piano for 8,650.Hemadeadownpaymentof1,000 and paid the balance in 20 equal monthly installments of $425. What rate of interest was he paying (to nearest 10th of 1%)?
Original LaTeX notation
George Mason bought a new grand piano for $8,650. He made a down payment of $1,000 and paid the balance in 20 equal monthly installments of $425. What rate of interest was he paying (to nearest 10th of 1%)?

category

business

options

  1. 12.7%
  2. 16.3%
  3. 17.1%
  4. 10.6%
  5. 15.8%
  6. 18.5%
  7. 14.9%
  8. 9.4%
  9. 13.5%
  10. 11.2%

src

stemez-Business

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