# of Monthly Payments
Annual Percentage Rate (APR)
11%
12%
13%
14%
15%
16%
17%
18%
19%
11
5.58
6.10
6.62
7.14
7.66
8.18
8.70
9.22
9.49
12
6.06
6.62
7.18
7.74
8.31
8.88
9.45
10.02
10.59

Above is a table that gives the interest per every $100 financed. Use the table to determine the annual percentage rate for a 11 month loan that charges $6.62 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