Maxwell is taking out a loan for 9,750 for 2 years at an APR of 9.25% . What would be the finance charge to the nearest whole dollar?

## Step 1: Convert APR to decimal<br />### Convert the Annual Percentage Rate (APR) from percentage to decimal form by dividing by 100. $9.25\% = \frac{9.25}{100} = 0.0925$<br /><br />## Step 2: Calculate the finance charge<br />### Calculate the finance charge using the formula: $Finance\ Charge = Principal \times Rate \times Time$. In this case, $Principal = \$9750$, $Rate = 0.0925$, and $Time = 2\ years$.<br />$Finance\ Charge = \$9750 \times 0.0925 \times 2 = \$1805.625$<br /><br />## Step 3: Round to the nearest dollar<br />### Round the finance charge to the nearest whole dollar. Since $\$1805.625$ is closer to $\$1806$ than $\$1805$, the finance charge is approximately $\$1806$.