Dave borrowed $1,400 on January 1, 2022. The bank charged him a $11.50 service charge, and interest was $87.90. If Dave paid the $1,400 in 12 equal monthly payments, what was the APR? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place. Annual percentage rate %

Dave borrowed $1,400 on January 1,2022. The bank charged him a $11.50 service charge, and interest was $87,90. If Dave paid the $1,400 in 12 equal monthly payments, what was the APR? Note: Do not round intermediate calculations. Enter your onswer as o percent rounded to 1 decimal ploce