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He made the first error in number 3
Answer:
8%
Step-by-step explanation:
APR means annual percentage rate.
To convert the daily rate to an APR, multiply the daily rate by the number of days in a year
365 days = 1 year
0.02192% x 365 = 8.0008%
To round off to the nearest percent, look at the first number after the decimal, if it is less than 5, add zero to the units term, If it is equal or greater than 5, add 1 to the units term.
The tenth digit is 0, so the number would be rounded off to 8%
