A credit card has a principal of $⁢2,000 and incurs $120 of interest over a 5 -month term. Complete the formula with the correct values to find the APR.
Answer
Fill in Dropdown Answer:
120/2,000|150

Question

A credit card has a principal of $⁢2,000 and incurs $120 of interest over a 5 -month term. Complete the formula with the correct values to find the APR.

Revolt · Accepted Answer

120/2,000|150

Credit and Types of Loans — Test

A credit card has a principal of $⁢2,000 and incurs $120 of interest over a 5 -month term. Complete the formula with the correct values to find the APR.

More from this Course