Home / Questions / A payday loan company charges a 70 fee for a 500 payday loan that will be repaid in 18 day...
A payday loan company charges a $70 fee for a $500 payday loan that will be repaid in 18 days.
Treating the fee as interest paid, what is the equivalent annual interest rate?
% interest Round to the nearest percent. This may be over 100%
Sep 08 2020 Read more Less More
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