Mathematics, 21.02.2021 06:30, jkirby29
A payday loan company charges a $75 fee for a $700 payday loan that will be repaid in 20 days. Treating the fee as interest paid, what is the equivalent annual interest rate?
Answers: 1
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A payday loan company charges a $75 fee for a $700 payday loan that will be repaid in 20 days.
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