Bob Businessman offers credit at 20% interest per year. Can somebody help calculate the APR? I'm having trouble with the formula and get a different answer everytime

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asked Feb 27, 2022 136k views

19 votes

Bob Businessman offers credit at 20% interest per year. Can somebody help calculate the APR? I'm having trouble with the formula and get a different answer everytime

Mathematics
college

Prem Anand asked

by Prem Anand

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2 Answers

5 votes

Answer: 22.9

Step-by-step explanation: i checked it is correct

Abe Haskins answered Feb 28, 2022

by Abe Haskins

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7 votes

Answer:22.9

Explanation:

Yemerra answered Mar 5, 2022

by Yemerra

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