DETAILS MY NOTES 2. [-/6 Points] ASK YOUR TEACHER Clive bought an SUV worth $20000 on 24 easy installments of $900 per month. We want to find the rate of interest and APR he paid. (1) Fund the total amount he paid. Total payment A = (2) Identify the letters used in the formula 1=Prt. 1 = $ P = $ and t years. (3) Find the rate of interest. %. (3) Find the APR using the formula APR = APR = %. 2rN N+1