Interest = $500*0.12=$60
Processing fee = $25
Total finance charge = $(60+25)=$85.
APR=(total finance charge)/amount borrowed
=85/500
=17%
Answer:
The tax is 8%
Step-by-step explanation:
Take the final price and subtract the original price
513-475 = 38
Divide by the original price
38/475 =.08
Change to percent form
8%
The tax is 8%
8y^2 + 12x - 4y^2 + 24x
= 4y^2 + 36x
