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Bob Businessman offers credit at 20% interest per year. Can somebody help calculate the APR? I'm having trouble with the formula and get a different answer everytime

Bob Businessman offers credit at 20% interest per year. Can somebody help calculate the APR? I'm having trouble with the formula and get a different answer everytime
asked 136k views
19 votes
Bob Businessman offers credit at 20% interest per year. Can somebody help calculate the APR? I'm having trouble with the formula and get a different answer everytime

asked
User Prem Anand
by
7.7k points

2 Answers

5 votes

Answer: 22.9

Step-by-step explanation: i checked it is correct

answered
User Abe Haskins
by
8.1k points
7 votes

Answer:22.9

Explanation:

answered
User Yemerra
by
7.9k points
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