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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?
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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
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8.2k points

1 Answer

6 votes
 the answer of monthly is 27,213
User Maxcountryman
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