Mathematics, 04.10.2019 19:00 MayFlowers
Josh took out a payday loan for $1300 that charged a $75 fee. if the loan matures in 2 weeks, what is the approximate effective interest rate of the loan?
a. 430%
b. 33%
c. 43%
d. 330%
(apex)
Answers: 1
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Josh took out a payday loan for $1300 that charged a $75 fee. if the loan matures in 2 weeks, what i...
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