Ramon took out a car loan with an interest rate of 10 percent and paid $100 in loan application fees. what term describes the amount of interest ramon will pay?

down payment
capacity
apr
capital

The term describes the amount of interest Ramon will pay is APR, annual percent rate which is 10%. The term annual percentage rate of charge (APR), corresponding sometimes to a nominal APR and sometimes to an effective APR (or EAPR), describes the interest rate for a whole year (annualized), rather than just a monthly fee/rate, as applied on a loan,