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n200080 [17]
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
Mathematics
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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