Question

Barbara Borrower has a short term note at 15% interest per year.
To the nearest tenth, APR=__%

Answer 1

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Below are the choices that can be found elsewhere:

1.3
1.6
12.5
16.1

To the nearest tenth, APR=16.1%. 

Answer 2

Hi there!
Barbara Borrower has a short-term note at 15% interest per year. To the nearest tenth, APR = 16.1%.