Galaxie6181 Galaxie6181

29-09-2017
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Your aunt loaned you money at 1.00 percent interest per month. what is the apr of this loan?

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Kalahira Kalahira

10-10-2017

The apr, or annual percentage rate, is going to be 12 percent. You can get that answer by taking the monthly rate of 1% for the total of 12 months, or 12%. So 1 x 12 = 12%.

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