Ogo123 Ogo123
  • 21-06-2021
  • Mathematics
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A payday loan company charges a $90 fee for a $500 payday loan that will be repaid in 16 days.


Treating the fee as interest paid, what is the equivalent annual interest rate?

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kylejt05
kylejt05 kylejt05
  • 21-06-2021

Answer:

1460

Step-by-step explanation:

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