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Problem:

The Men's Warehouse charges 1.6 percent interest per month.

Required:

Question: What rate of interest are its credit customers actually paying?

  • 20.98 percent
  • 19.31 percent
  • 18.92 percent
  • 19.26 percent
  • 18.00 percent

Note: Show all workings.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91147982

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