Stephen Purchased a Diamond Engagement Ring For $\$ 3,000$ His Down Payment Was

Stephen purchased a diamond engagement ring for $\$ 3,000$ . His down payment was $\$ 1900$ , and he made 24 monthly payments of $\$ 50.76$ . Find the APR from the table below.

$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { Annual Percentage Rate }$
$\begin{array}{ccccccc}\text { Number of } & 6.0 \% & 6.5 \% & 7.0 \% & 7.5 \% & 8.0 \% & 8.5 \% \\\begin{array}{c}\text { Payments } \\24\end{array} & \$ 6.37 & \$ 6.91 & \$ 7.45 & \$ 8.00 & \$ 8.54 & \$ 9.09\end{array}$
(Finance charge per $\$ 100$ of amount financed)

$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { Annual Percentage Rate }$
$\begin{array}{cccccccc}\begin{array}{c}\text { Number of } \\\text { Payments }\end{array} & 9.0 \% & 9.5 \% & 10.0 \% & 10.5 \% & 11.0 \% & 11.5 \% & 12.0 \% \\24 & \$ 9.64 & \$ 10.19 & \$ 10.75 & \$ 11.30 & \$ 11.86 & \$ 12.42 & \$ 12.98\end{array}$

(Finance charge per $\$ 100$ of amount financed)

A) 11%
B) 9.5%
C) 10.5%
D) 10%