Find the APR (rounded to the nearest tenth of a percent) for the loan.
?
Purchase a living room set for $3,600 at 8% add-on interest for 3 years.
?

A. 10.7%
B. 7.8%
C. 15.6%
D. 14.0%
E. 17.1%


Answer: C

Mathematics

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A.
B.
C.
D.

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What will be an ideal response?

Mathematics