Question

Match the annual percentage rate (APR) to the correct monthly percentage rate.

Answer 1

20% = 1.67%

14.5 = 1.21%

10% = 0.83%

12.5% = 1.04%

Answer 2

14.5%=1.21%

10%=0.83%

12.5%=1.04%

20%=1.67%

Explanation: