That question is asking for the time so your answer will specifically be in hours. And I'm not sure if you divide or you multiply but I'm pretty sure the correct answer is dividing because tomorrow so cancel the miles they will be left with hours. I don't know if that makes sense to you but it kind of makes sense to me somehow.
Interest = $500*0.12=$60
Processing fee = $25
Total finance charge = $(60+25)=$85.
APR=(total finance charge)/amount borrowed
=85/500
=17%
Answer:
-2.1
Step-by-step explanation:
