Question

Joshua borrowed $1,900 for one year and paid $95 in interest. The bank charged him a service charge of $22. If Joshua paid the $1,900 in 12 equal monthly payments, what is the APR? (Enter your answer as a percent rounded to 1 decimal place.)

So, I got 117/1900= 6.2%, but it says I am wrong.

Answer 1

95/ 1900

= 0.05 ---> 5%

Answer 2

try that answer..? lol