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10 POINTS !!!!!!!!!!!! :) please help lol Monica finances a new car with a $12,000 retail price. The interest is 2.5% and there are additional fees of $1,000. What is the APR on her loan ? A) 9.5% B)9.
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10 POINTS !!!!!!!!!!!! :) please help lol

Monica finances a new car with a $12,000 retail price. The interest is 2.5% and there are additional fees of $1,000. What is the APR on her loan ?


A) 9.5%

B)9.6%

C) 10.8%

D)11.2%

User Kuhnroyal
by
7.6k points

2 Answers

3 votes
Your answer is going to be c.
User Tom Mettam
by
8.1k points
5 votes
10.8 % because if u do teh math problem correctly and u divide and u also need to simplify
User Olaniyi
by
7.7k points
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