Choose the correct answers. Carla Compra borrowed $800 at 14% for one year. She paid a $15 processing fee.
2 answers:
$800 × 14% = $112
$112 + $15 = $127
APR = $127 ÷ $112
= 1.13
Answer:
interest paid is: 112.00
Processing fee is: 127.00
APR is: 15.88% = 15.9%
Step-by-step explanation:
<em>800×0.14=112</em>
<em>112+15=127</em>
<em>(127÷800)*100==15.88%</em>
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