breon56 breon56
  • 23-05-2020
  • Mathematics
contestada

Noah paid off a loan with a simple interest rate of 9.7% in 4 months. What was the APR?
29.1%
3.23%
2.43
15.5%
9.7%

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wolf1728
wolf1728 wolf1728
  • 23-05-2020

Answer:

9.7% for 4 months = 9.7 * 3 = 29.1% for the year.

Step-by-step explanation:

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