allyfoxx
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Paula Purchaser borrowed $500 at 12 percent for one year. She paid a $25 processing fee.

The interest paid will be $ ?

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

Therefore, the APR = total finance charge ÷ amount borrowed = ? %


Help please!!!

Respuesta :

Aliwohaish12
500*0.12=60 interest paid
Total finance charge=60+25=85
APR=85÷500
APR=0.17*100=17%

Answer:

Step-by-step explanation:

interest:60

int+fee :85

all        :17

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