# math

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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% ?

Thanks much.

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