Find the approximate annual percentage rate using the approximate annual percentage rate formula. Round to the nearest tenth of a percent.Amount financed: $403Finance charge: $50Number of monthly payments: 18

A. 9.8%
B. 12.4%
C. 17.5%
D. 15.7%


Answer: D

Mathematics

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A.

B.

C.

D.

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C.

D.

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