Question: Dave borrowed $ 1 , 1 5 0 on January 1 , 2 0 2 2 , and paid it all back at once on

Dave borrowed $1,150 on January 1,2022, and paid it all back at once on December 31,2022. The bank charged him a $4.50 service charge, and interest was $98.90.
What was the APR?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
Annual percentage rate
Dave borrowed $1,150 on January 1,2022, and paid it all back

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