Question

Above is a table that gives the interest per every $100 financed. Use the table to determine the annual percentage rate for a 36 month loan that charges $24.80 per every $100 financed.

Answer 1

Where is the above table?

Answer 2

Answer:

C) 15%

Step-by-step explanation:

Using the table that was given in the problem you can determine the annual percentage rate (APR)

For 36 months with a charge of 24.80 the APR would be 15%