Find the APR (Rounded to the Nearest Percent) for the Loan

question 134

Multiple Choice

Find the APR (rounded to the nearest percent) for the loan below. Purchased a dining room set for $4,000 at 9% add-on interest for 2 years.

• A) \(18 \%\)
• B) \(15 \%\)
• C) \(17 \%\)
• D) \(12 \%\)
• E) \(5 \%\)

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