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. APR = ( [Dropdown 1] ) ⋅ ( 365 / [Dropdown 2] ) ⋅100%
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. APR = ( [Dropdown 1] ) ⋅ ( 365 / [Dropdown 2] ) ⋅100%

Answer

Fill in Dropdown Answer:

120/2,000|150

Revolt · Accepted Answer

120/2,000|150