Question

What is the apr for a $585 tablet with 12 payments of $50.81

Answer 1

Answer:

the answer is 4%

Step-by-step explanation:

585/12=48.75

50.81-48.74=2.06

now 2.06 that's the money from interest rate

so now 2.06/50.81=0.04

so the answer is 4%