Ask a New Question

Carla Compra borrowed $800 at 14% for one year. She paid a $15 processing fee.

The interest paid will be $.
Thus, the total finance charge (the interest plus the processing fee) will be $
Therefore, to the nearest tenth, the APR = total finance charge ÷ amount borrowed = %.

2 answers

800 * 0.14 = 112

100(127/800) = ?

20

Ask a New Question or answer this question.

Similar Questions

Choose the correct answers.Karla Kaufmann borrowed $750 at 12 percent for one year. She paid a $20 processing fee. The interest
1. 0 answers
Karla borrowed $750 at 12 percent for one year. She paid a $20 processing fee.The interest paid will be $95.00, $92.50, or
1. 0 answers
Karla borrowed $750 at 12 percent for one year. She paid a $20 processing fee.The interest paid will be $95.00, $92.50, or
1. 3 answers
Karla Kaufmann borrowed $750 at 12 percent for one year. She paid a $20 processing fee.The interest paid will be $ . Thus, the
1. 0 answers

more similar questions