Find the Annual Percentage Rate Using the Table

question 53

Multiple Choice

Find the annual percentage rate using the table.

-A bicycle is purchased for $940 and financed for 12 months. If the total finance charge is $64.39, find the annual percentage rate.

• A) 12.25%
• B) 12.00%
• C) 12.50%
• D) 12.75%

---

Definitions:

Surgical Asepsis

A procedure used in surgery to prevent contamination by microbes and maintain a sterile environment.

Disinfection

The process of eliminating or reducing harmful microorganisms from inanimate objects and surfaces, except for bacterial spores.

Blood Pressure Cuffs

A device used in conjunction with a sphygmomanometer to measure arterial blood pressure.

Reflex Hammers

Tools used by medical professionals, particularly in neurology, to test deep tendon reflexes as a part of the neurological physical examination to detect abnormalities in the central or peripheral nervous system.