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Tomika s credit rating was lowered and the credit card company raised her APR from...

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Basic Math

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Tomika s credit rating was lowered and the credit card company raised her APR from 18 to 25 2 a If her average daily balance this month is 8 237 what is the increase in this month s finance charge due to the higher APR b If this amount is typical of Tomika s average daily balance all year how much would the rise year in interest rate cost her in a typical Round to the nearest ten dollars

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