Suppose you wish to borrow $300 for two weeks and the amount of interest you mustpay is $25 per $100 borrowed. What is the APR at which you are borrowing money?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 15E
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Suppose you wish to borrow $300 for two weeks and the amount of interest you must
pay is $25 per $100 borrowed. What is the APR at which you are borrowing money?

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