Find the APR (rounded to the nearest tenth of a percent) for the loan described below....

Question

Question

Find the APR (rounded to the nearest tenth of a percent) for the loan described below.

Purchase a living room set for $3,900 at 11% add-on interest for 3 years.

Answer 1

Answer #1

Solution Ebtechve Annal Rat (EAR) /. oROI hnnvel Penantog Rada (APR) -? 14 APR- 3 C103539-1 APR 3 x 0.03539 APR= .10619 OR 10

Answer 2

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