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Ratling [72]
3 years ago
3

Which will have a higher effective interest rate, a payday loan for $2100 due in 13 days with a fee of $110 or a payday loan for

$2100 due in 11 days with a fee of $110?
A. A payday loan for $2100 due in 11 days with a fee of $110, because it has the longer period
B. A payday loan for $2100 due in 13 days with a fee of $110, because it has the shorter period
C. A payday loan for $2100 due in 11 days with a fee of $110, because it has the shorter period
D. A payday loan for $2100 due in 13 days with a fee of $110, because it has the longer period
Mathematics
2 answers:
nasty-shy [4]3 years ago
5 0

Answer:

A payday loan for $2100 due in 11 days with a fee of $110, because it has the shorter period

Step-by-step explanation:



S_A_V [24]3 years ago
4 0
C i hope this helped
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