Whitney bought a watch for $107.50. The finance charge was $11 and she paid for it over 6 months.

Use the formula Approximate APR =(Finance Charge ÷ #Months)(12)Amount Financed to calculate her approximate APR.

Round the answer to the nearest tenth.

Her proximate APR is 5.1%

Step-by-step explanation:

The formula of the APR is × × 100%, where

FC is the finance chargeA is the amount financed m is the number of months

∵ Whitney bought a watch for $107.5

∴ A = 107.5

∵ The finance charge was $11

∴ FC = 11

∵ She paid for it over 6 months

∴ m = 6

- Substitute these values in the formula above

∵   × × 100%

∴ APR = 5.11627907%

- Round it to the nearest tenth

∴ APR = 5.1%

Her proximate APR is 5.1%

The academic affairs council is the highest expert body processing academic affairs, as stipulated by the university statutes. specialist aaro häkkinen (educational policy) took part in the council’s meeting. the agenda of the meeting included bachelors’ feedback, the timing of pedagogical studies, the grant system for tuition fees, the standardisation of administrative practices for internships and the situation of foreign-language and multilingual master’s programmes.