Question: Umesh borrowed $ 1 , 3 0 0 for one year and paid $ 6 5 in interest. The bank charged him a $ 8

Umesh borrowed $1,300 for one year and paid $65 in interest. The bank charged him a $8 service charge. If Umesh paid the $1,300 in 12 equal monthly payments, what is the APR?
Note: Enter your answer as a percent rounded to 1 decimal place.

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