Ask Question
25 March, 20:04

What is the apr on a loan that charges interest at the rate of 1.4% per month?

+2
Answers (1)
  1. 25 March, 20:19
    0
    The APR stands for the Annual Percentage Rate. To find the APR (12 months) on a loan that charges interest at the rate of 1.4% per month you will need to multiply the monthly rate of 1.4 by 12 months. 1.4 x 12 months = 16.8% APR
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is the apr on a loan that charges interest at the rate of 1.4% per month? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers