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Whitney bought a watch for $107.50. The finance charge was $11 and she paid for it over 6 months.

Use the formula Approximate APR =(Finance Charge ÷ #Months)(12)Amount Financed to calculate her approximate APR.

Round the answer to the nearest tenth.

Respuesta :

Answer:

20.5

Step-by-step explanation:

ur welcome :D

adioabiola

The approximate APR of the watch for a period of 6 months is 0.2

How to calculate APR

  • Finance charge = $11
  • Number of months = 6
  • Amount financed = $107.50

Approximate APR = (Finance Charge ÷ Months)(12)Amount  Financed

= (11 ÷ 6) × 12 × 107.50

= 1.83333333333333 × 12 ÷ 107.50

= 22 ÷ 107.5

= 0.20465116279069

Approximately,

0.2

Learn more about APR:

https://brainly.com/question/24703884

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