Mathematics, 20.04.2021 04:30 Turtlelover05
Morgan bought a sofa for $216.00. The finance charge was $25 and she paid for it over 15 months.
Use the formula Approximate APR =(Finance Charge÷#Months)(12)Amount Financed
to calculate her approximate APR.
Round the answer to the nearest tenth.
9.4%
9.3%
1.2%
1.1%
Answers: 3
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Morgan bought a sofa for $216.00. The finance charge was $25 and she paid for it over 15 months.
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