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DiKsa [7]
3 years ago
5

Will someone please help with this!!! will give brainliest and 20 points!!!!!!!!!!!

Business
1 answer:
damaskus [11]3 years ago
4 0

Answer:

can you give a more clear picture

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We arrive at the answer as follows

First we calculate the dollar interest on the $7 loan and the rate of interest.

Dollar interest = 9 -7 = 2

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This 28.5714% interest is for a loan that lasts for one week.

Since a year has 52 weeks, we can find the APR as \mathbf{28.5714 * 52 = 1485.71 percent}.

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