Answer:
1.5%
Explanation:
In calculating APR, the principal amount, additional fee, and length of days.
The process is as follow
Add all the fees and divide by the outstanding amount
Multiply by 365
Divide by the number of days left in the loan
In this case,
the fee is $135
the principal amount is $1825
number of days is 18
APR = $135/ 1825
= 0.073972 x 365
=27/18
=1.5%
