Register
Joshua borrowed $2,100 for one year and paid $105 in interest. The bank charged him a service charge of $18. If Joshua paid the $2,100 in 12 equal monthly payments, what is the APR?
218k views
4 votes
Joshua borrowed $2,100 for one year and paid $105 in interest. The bank charged him a service charge of $18. If Joshua paid the $2,100 in 12 equal monthly payments, what is the APR?

User Eugene Stepanenkov
by
8.2k points

1 Answer

6 votes
 the answer of monthly is 27,213
User Maxcountryman
by
8.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
The cost of 5 similar digital cameras and 3 similar video cameras is 3213. Each video camera costs 4 times as much as each digital camera. John buys a digital camera and a video camera. How much does he
Link Copied!