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Mario borrowed $750 to pay a doctor bill. The finance charge on the loan was $5, and the term of the loan was 14 days. What was the APR of Mario’s loan?

Mario borrowed $750 to pay a doctor bill. The finance charge on the loan was $5, and the term of the loan was 14 days. What was the APR of Mario’s loan?
asked 92.2k views
14 votes
Mario borrowed $750 to pay a doctor bill. The finance charge on the loan was $5, and the term of the loan was 14 days. What was the APR of Mario’s loan?

asked
User VuVirt
by
7.5k points

1 Answer

8 votes

Answer:

$820

Explanation:

5 x 14 = 70

750 + 70 = 820

answered
User Dun
by
8.4k points
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