Multiple Choice
Use the formula to reach a solution for the following problem.
One month a credit card company charged $9.27 in interest on a balance of $3,708 . What annual interest rate is the credit card company charging?
A) 5%
B) 3.5%
C) 2%
D) 3%
E) none of these
Correct Answer:
Verified
Correct Answer:
Verified
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