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3 years ago

How is the interest rate on a payday loan calculated?

Mathematics

2 answers:

postnew [5]3 years ago

4 0

Answer:

b. total fees divided by loan amount

Step-by-step explanation:

The interest rate on a payday loan is usually calculated by dividing the total fees accrued in the loan repayment calculation by the exact loan amount.

Doing this will result in determining the interest rate used in a loan and it’s usually important to ensure accountability and also making sure the exact rate contained in the Loan application agreement Is the same as what is used later on.

snow_lady [41]3 years ago

3 0

Answer:

b. total fees divided by loan amount

Step-by-step explanation:

The interest rate on a payday loan is usually calculated by dividing the total fees accrued in the loan repayment calculation by the exact loan amount.

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3 years ago

A box of 25 munchkins cost $5.46 what is the unit rate per munchkin

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The unit rate per munchkin is $0.22.

<h3>What is Division?</h3>

Division is one of the four fundamental arithmetic operations, which tells us how the numbers are combined to form a new one.

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2 years ago

In right triangle ABC, the measure of angle A is 25 degrees, angle c is 90 degrees, and AB = 1. what is the length of AC?

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Step-by-step explanation:

first you find angle B: 180-90-25=65

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