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Mathematics, 08.01.2021 18:30 natu2072

Jim Tree borrowed $1,000 at 10 percent for one year. He paid a $45 processing fee and $100 in interest. He calculated the APR to the nearest tenth. What was the APR?
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14.5

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Jim Tree borrowed $1,000 at 10 percent for one year. He paid a $45 processing fee and $100 in intere...
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