Find the APR (rounded to the nearest tenth of a percent) for the loan described below. Purchase a refrigerator for $1,500 at 14% add-on interest for 3 years. % Need Help? Read It

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 19E
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Find the APR (rounded to the nearest tenth of a percent) for the loan described below.
Purchase a refrigerator for $1,500 at 14% add-on interest for 3 years.
%
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Transcribed Image Text:Find the APR (rounded to the nearest tenth of a percent) for the loan described below. Purchase a refrigerator for $1,500 at 14% add-on interest for 3 years. % Need Help? Read It
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