Weegy: 14.55 is the actual yearly interest rate that Henry pay.
Solution:
(320 - 20)/2 = $150 was the average balance during payoff. [
Total interest payments were (340-320) = $20
(5/6 yr)* %150*I (per yr) = $20
I = 0.16 = 16%
It is actually a bit lower than that, because the average balance is a bit higher than $150. So I'd got with 14.55%
] (More)

Weegy: To solve this problem, you first want to take 250 (price of suits) 10 (the number of suits he earns 5% commission on) * .05 (to add the commission, [ then add this to 250 times 3 (the number of remaining suit) times .08 (to accommodate for the new commission). Thus, (250*10*.05)+(250*3*.08)= C. $185. ] (More)

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