Acar that retails for $14,999 has a sticker on the windshield that says, "$429/mo for 48 months." what interest rate is this car financed at?

r=8.2%

Step-by-step explanation:

A car that retails for $14,999 has a sticker on the windshield that says, "$429/mo for 48 months." What interest rate is this car financed at?

from compound interest formula

A=P(1+r%)^n

The parameters are

A=amount, 429*48=20592

n=48 months, 4 years

r%=?

P=14999

20592=14999(1+r%)^4dividing both sides by 14999

1.372=(1+r%)^4

find the fourth root of both sides

1+r%=1.082

r%=0.082

r=8.2%

the interest fate on the car will be the above.

$4

step-by-step explanation:

$30×5=$150

$150 minus $130=$20

$20÷5=$4.

hope to and hope that my answer is brainliest.(follow me )