## What is the apr for a $585 tablet with 12 payments of$50.81

Question

What is the apr for a $585 tablet with 12 payments of$50.81

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2 weeks 2021-07-16T06:18:58+00:00 1 Answers 4 views 0

## Answers ( )

the answer is 4%

Step-by-step explanation:

585/12=48.75

50.81-48.74=2.06

now 2.06 that’s the money from interest rate

so now 2.06/50.81=0.04

so the answer is 4%