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Ostrovityanka [42]

3 years ago

11

How is the interest rate on a payday loan calculated?

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.

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.

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Step-by-step explanation:

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At another sanctuary, the number of nesting turtles decreased by 10%. This year there were 234 nesting turtles. How many nesting

Alex

Answer:

260 nesting turtles were at this sanctuary last year

Step-by-step explanation:

Given:

The number of nesting turtles decreased = 10%

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