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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% ?

  • math -

    Using several pseudonyms, as you have for this and the previous 5 posts, is unnecessary.

  • math -

    excuse me? can you please help me with my math problems please? Thank You.

  • math -

    Ralph, Kevin, Kendra, Nikki, Carly, Kim, or whoever...

    Ms. Sue means that you don't need to keep posting under different names; we can see that you are posting from only one computer.

    And I will add this: Understand that no one here will do your work for you. However, we will be happy to read over whatever you come up with and make suggestions and/or corrections.

    Please post what you think.

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