<span>The term
describes the amount of interest Ramon will pay is APR, annual percent rate
which is 10%. The term annual percentage rate of charge (APR<span>), corresponding sometimes to a nominal </span>APR<span> <span>and sometimes to an effective </span></span>APR<span> <span>(or EAPR), describes the interest rate for a
whole year (annualized), rather than just a monthly fee/rate, as applied on a
loan,<span> </span></span></span></span>
Note that you are subtracting the same number from both sides. Thus, blank/100 must equal .26. Convert .26 to a fraction by placing it over 100 and removing the decimal point: 26/100. blank = 26
