What was the apr
Problem:
Joshua borrowed $700 on January 1, 2012, and paid $35 in interest. The bank charged him a(n) $10 service charge. He paid it all back at once on December 31, 2012.
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Question: What was the APR?
Note: Please show how to work it out.
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Question: What was the APR? Note: Please show how to work it out.
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