Find the APR (Rounded to the Nearest Tenth of a Percent)

question 84

Multiple Choice

Find the APR (rounded to the nearest tenth of a percent) for the loan. ​
Purchase a living room set for $3,600 at 8% add-on interest for 3 years.
​

• A) 10.7%
• B) 7.8%
• C) 15.6%
• D) 14.0%
• E) 17.1%

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