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Mr. Jerome has an outstanding balance of $12000 on his credit card. The interest rate on the card is 12% he intends to pay off the card in 2 years. Find the APR on the card.

Mr. Jerome has an outstanding balance of $12000 on his credit card. The interest rate on the card is 12% he intends to pay off the card in 2 years. Find the APR on the card.
asked 120k views
2 votes
Mr. Jerome has an outstanding balance of $12000 on his credit card. The interest rate on the card is 12% he intends to pay off

the card in 2 years. Find the APR on the card.

asked
User Toan Vo
by
8.5k points

2 Answers

1 vote
The person above me is correct
answered
User Austin Brunkhorst
by
8.8k points
5 votes
the answer is 56 cards
because you add both sides by the same number
answered
User Dexters
by
8.1k points
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