<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>
Did you ever get the answer?
300 divided by 55 = 5.45
It’s 5 since it’s the whole number
Answer:
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