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2 years ago

13

Which will have a higher effective interest rate a payday loan for $2300 do in 15 days of the fee of $120 or a payday or loan fo

r $2,300 due in 13 days with the fee of $120

1 answer:

Elan Coil [88]2 years ago

8 0

Answer:

A payday loan for $2300 due in 13 days with a fee of $120, because it has a shorter period

Step-by-step explanation:

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Answer:

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Step-by-step explanation:

Per cent means ' out of a hundred' , thus

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45% = $\frac{9}{20}$ ← in simplest form

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Andrew [12]

35 tens

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2 years ago

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3 years ago