Question

Tess took out a payday loan with an effective interest rate of 37,700%. If she had $240 to invest for a year at this interest rate, how much would she make in interest?
A.$83,280
B.$8328
C. $832,800
D.$8,328,000

Answer 1

What do you think can be eliminated?

Answer 2

tbh, I really have NO CLUE. I am taking a test on APEX and need help asap. I figured someone would type out the answer lol

Answer 3

@supie prolly D tho

Answer 4

\(\color{#0cbb34}{\text{Originally Posted by}}\) @TakingATestNeedHelp
supie prolly D tho
\(\color{#0cbb34}{\text{End of Quote}}\)
D is wrong.

Answer 5

@supie soooo what should i put as my answer?

Answer 6

I wont give you the answer directly.

Answer 7

uhhh okay........is it A or B?

Answer 8

None.

Answer 9

Soooo if it not A,B, or D then its......?

Answer 10

Am i right?

Answer 11

Obviously...

Answer 12

If you guess until the last option, then that last option has to be correct.

Answer 13

AYYYYYYY LOL TYSM!!! ive got more questions can i just send the to you

Answer 14

Np.

Answer 15

OMG it was A :/

Answer 16

Oh tuff.

Answer 17

I thought it was B...