Answer:
Step-by-step explanation:
Stephanie bought a chair for $124.00. The finance charge was $24 and she paid for it over 12 months. (Finance Ch arg e: #Months)
(12) Use the formula Amount Financed calculate her approximate APR. Approximate APR to Round the answer to the nearest tenth.
O 20.5%
O 19.4%
O 1.6%
O 1.5%
O 20.5%
O 19.4%
O 1.6%
O 1.5%
1 answer:
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Hello!
Recall that:
is equal to
. Therefore:
There is also an exponent of '6' outside. According to exponential properties, when an exponent is within an exponent, you multiply them together. Therefore: