# of Monthly Payments
Annual Percentage Rate (APR)
11%
11.5%
12%
12.5%
13%
13.5%
14%
14.5%
15%
35
17.35
18.18
19.01
19.85
20.69
21.53
22.38
23.23
14.08
36
17.86
18.71
18.57
20.43
21.30
22.17
23.04
23.92
24.80

Above is a table that gives the interest per every $100 financed. Use the table to determine the annual percentage rate for a 36 month loan that charges $24.80 per every $100 financed.
a.
13%
c.
15%
b.
14%
d.
16%


Please select the best answer from the choices provided

A
B
C
D