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YoursTruly:
If an 18-day single payment loan has a periodic interest rate of 9.6%, what is the approximate APR of the loan? Show your work.
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ThisGirlPretty:
@563blackghost @Zepdrix
563blackghost:
I don't do so well with interest rate (my weakness ;u;)
sillybilly123:
mmmm, what is the periodicity of the interest? all you really have to do is gross this stuff up to 365(.25) days but you need to tighten up on the jargon, first :)
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