Mathematics, 21.04.2021 22:10, Mlmyers81

Morgan bought a sofa for $216.00. The finance charge was $25 and she paid for it over 15 months. Use the formula Approximate APR =(Finance Charge÷#Months)(12)Amount Financed

to calculate her approximate APR.

Round the answer to the nearest tenth.

9.4%

9.3%

1.2%

1.1%

Answers: 2

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Morgan bought a sofa for $216.00. The finance charge was $25 and she paid for it over 15 months. U...