A loan of $1500 attracts a daily interest of 3(0.29) = $0.87
For 120 days you pay $0.87 x 120 = $104.40 interest.
I = PrT; where P is the principal, r is the annual interest rate and T is the time.
500 x r x 1/365 = 0.29
r = 0.29 x 365 / 500 = 105.85/500 = 0.2117
Therefore,, Annual interest rate = 21.17%
Answer:15-45 and 20 hope this helps
Step-by-step explanation:
Answer:
59%
Step-by-step explanation:
There are 7 days out of 14 that are 20 or more
That would be 59%
