Question

Stephanie bought a chair for $124.00. The finance charge was $24 and she paid for it over 12 months. (Finance Charge: #Months)(12) Use the formula Amount Financed calculate her approximate APR. Approximate APR to Round the answer to the nearest tenth.

O 20.5%
O 19.4%
O 1.6%
O 1.5%​

Answer 1

The answer is 20.5%.......

Answer 2

Anwers

20.5%

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