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Timia needs some cash in a hurry. She owns her car outright and is considering a title loan. The lender has told Timia that she

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Timia needs some cash in a hurry. She owns her car outright and is considering a title loan. The lender has told Timia that she could borrow $850 for 1 month and the fee would be $85. What is the APR on Timia's loan? Assume 12 equal months. 10.00% APR. 200.00% APR. 120.00% APR. 100.00% APR

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