A newspaper advertisement offers a $9,000 car for nothing down and for 36 easy monthly payments of $317.50 what is the simple interest rate?

27%

Step-by-step explanation:

Let x = simple interest rate

$9000 / 36 = $250 per month

$250x = 317.5

Divide both sides by 250

250x/250 = 317.5/250

x = 1.27

Let's check

250 x 1.27 = 317.5

If you were to multiply by .27 then it would just go down

250 x .27 = 67.5

step-by-step explanation:

first, eliminate the parenthesis:

3

x

+

2

−

4

x

second, group like terms:

3

x

−

4

x

+

2

third, combine like terms:

(

3

−

4

)

x

+

2

→

−

1

x

+

2

→

−

x

+

2