Register
a payday loan store charges $40 for one month loan of $300. what annual interest rate is This equivalent to
205k views
2 votes
a payday loan store charges $40 for one month loan of $300. what annual interest rate is This equivalent to

User Rory Daulton
by
8.7k points

1 Answer

5 votes
Annual would be $480!
User Cdesrosiers
by
7.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!