3 years ago

Paula Purchaser borrowed $500 at 12 percent for one year. She paid a $25 processing fee.

Mathematics

2 answers:

Llana [10]3 years ago

5 0

500*0.12=60 interest paid
Total finance charge=60+25=85
APR=85÷500
APR=0.17*100=17%

Firlakuza [10]3 years ago

3 0

Answer:

Step-by-step explanation:

interest:60

int+fee :85

all :17

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