1. How much interest would you pay on a loan of $1,230 for 15 months at 15 percent APR if the interest is 18.75 per $100?
$225.00
$230.63
$281.25
$332.50
2. Sherri borrowed $3,200 at 13 percent APR for 18 months. If she must pay 19.5 per $100, what is the total interest?
$624
$3,824
$351
$253.50
3. What is the total amount that Sherri (in question number 2) will repay?
$624
$3,824
$351
$253.50
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