Mathematics, 29.11.2019 18:31 grey00
Using a calculator and the above formula what is the apr. choose the correct answer. jim tree buys his stock on credit at 14%. to the nearest tenth, apr = %.
Answers: 3
![APR = [(1-\frac{Rate}{12\times 100})^{Time}-1]\times 100\\\\APR =[ (1 - \frac{14}{1200})^{12}-1]\times 100\\\\APR = [1.1493-1]\times 100\\\\\implies\bf APR=14.93\%](/tpl/images/0396/2616/b0803.png)
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Using a calculator and the above formula what is the apr. choose the correct answer. jim tree buys h...
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