Posted by **Kimmy** on Tuesday, January 26, 2010 at 6:42pm.

Karla borrowed $750 at 12 percent for one year. She paid a $20 processing fee.

The interest paid will be $95.00, $92.50, or $90.00

Thus, the total finance charge (the interest plus the processing fee) will be? $115.00, $112.50, or $110.00 ?

Therefore, to the nearest tenth, the APR = total finance charge (divided by) amount borrowed = 14.7%, 14.3%, or 13.9% ?

Thanks much.

## Answer this Question

## Related Questions

math - Karla borrowed $750 at 12 percent for one year. She paid a $20 processing...

math - Carla Compra borrowed $800 at 14% for one year. She paid a $15 processing...

Math - Jim Tree borrowed $1,000 at 10 percent for one year. He paid a $45 ...

math - Determine the annual net cost of these checking accounts: a. Monthly fee...

Finance - Joshua borrowed $2,300 for one year and paid $138 in interest. The ...

finance - which of the following investments paid the highest rate of return? (a...

Finance - Rancher Rick purchased an additional 80 acres of hay ground to produce...

Finance - lisa borrowed $8000.00 on an 8%, 60 day note after 15 days she paid $...

Business Finance - Lisa Kane borrowed $8000 on an 8% 60 day note. After 15 days...

Business Finance - Lisa Kane borrowed $8000 on an 8%, 60 day note. After 15, ...