If Marjorie Wilcox Borrows $300 for One Year with an APR

question 142

Multiple Choice

If Marjorie Wilcox borrows $300 for one year with an APR of 21% and an annual service fee of $6,what is her total cost of credit?

• A)$6
• B)$15
• C)$21
• D)$69
• E)$74

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Definitions:

Democratic Candidate

An individual running for political office who is a member of or endorsed by the Democratic Party.

Surgical Site Infections

Infections that occur after surgery in the part of the body where the surgery took place.

Healthcare-associated Infections

Infections patients can get while receiving treatment for medical or surgical conditions in healthcare facilities.

National SSIs Rate

The national rate of Surgical Site Infections, which are infections that occur after surgery in the part of the body where the surgery took place.