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OpenStudy (anonymous):
Shelly took out a payday loan for $750 due in 4 weeks that charged a $90 fee. What is the periodic interest rate of the loan?
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OpenStudy (anonymous):
A. 48% B. 12% C.156% D.624%
OpenStudy (shaadykhamlichi):
B
OpenStudy (anonymous):
.-.
OpenStudy (anonymous):
if i may ask is there some type of formula?
OpenStudy (shaadykhamlichi):
you need to multiply 91 and100 and devide by 750
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OpenStudy (shaadykhamlichi):
i mean 90 not 91
OpenStudy (anonymous):
alright thank you!
OpenStudy (shaadykhamlichi):
you got it???
OpenStudy (anonymous):
yeap thank you!
OpenStudy (shaadykhamlichi):
di nada
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