Asked by Anonymous
If a store credit account charges 1.2% interest each month, what is the APR?
Answers
Answered by
drwls
(1.012)^12 -1 = 0.1539 = 15.39%
Most stores charge more than that.
Most stores charge more than that.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.