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Business, 10.03.2021 21:30 eggemotions

3:Leo's rent is due a few days before he expects to receive his paycheck from work. He takes out a payday loan for $200 to cover some of his rent and will pay it back when he gets his paycheck. The
lender charges $15 for every $100 borrowed, which needs to be paid back in 2 weeks.,
What is the percent rate for this 14-day loan?

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