A payday loan store charges $45 for a one-month loan of $540. What annual interest rate is this equivalent to?
1 answer:
Answer:
12
Step-by-step explanation:
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The 7 in the hundreds place would represent 700 <span />
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The answer is 5 and 5/6
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and then there is 5 left so 5 = 5 and 5/6
Answer:
B
Step-by-step explanation:
Answer:
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